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RE: Curious what is causing Bitcoin to surge? I will tell you...
The main reason for the price surge in my humble opinion is the start of a new tax year beginning April 1st.
The main reason for the price surge in my humble opinion is the start of a new tax year beginning April 1st.
In the US the new tax year is January 1st. Where are you referring to?
The UK. I thought it was possibly the same in most places but i guess not. Maybe Eu is same though.
The surge did happen right around when Asia opened so perhaps it could have something to do with their tax dates. Though my guess is that it wasn't related to taxes. :)
In India too FY begins from 1st April only.