Key Price Drivers for Bitcoin This Month + More Crypto News

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The recent surge in Bitcoin (BTC)’s price is “a multifaceted phenomenon driven by anticipation of regulatory approvals, institutional interest, and market dynamics,” according to Jag Kooner, Head of Derivatives at Bitfinex.

In an emailed note, Kooner shared insights on what drives key market developments:

In the latest UK crypto news, especially as the crypto taxation in the UK is changing fast, cryptocurrency tax software and portfolio tracker CoinTracking has launched a crypto tax tool that simplifies crypto taxes, said the press release.

With a crypto tax software like CoinTracking, UK-based investors can track their portfolios by importing trades from hundreds of exchanges, crypto wallets, and blockchain networks, it said.

Investors also benefit from more than 25 advanced reporting features, including discovering which coins in their portfolio could be eligible for a lower tax rate based on their holding period.

Thanks to these features, investors can gather all the necessary information and generate the right tax reports. This is possible due to CoinTracking supporting gains calculations according to the valid accounting method in the UK, the HMRC.

Investors needing further help with their taxes can find a solution with CoinTracking Full-Service. A team of CT experts and partner crypto tax firms review, validate and adjust their transactions, complete imports, and ensure correct tax reports.

“Full-Service was specially designed for UK investors with complex crypto trades to report and not a lot of time to work out the intricacies of taxes,” said Florian Ostermeier,