Bitcoin Price Prediction: BTC at $57,520 Amid FOMC Updates and Roger Ver Tax Fraud Allegations
During the Asian session, Bitcoin (BTC/USD) trades at $57,520, reflecting a 1.25% decrease. This movement is positioned below the pivotal $59,328 mark and suggests a cautious, bearish outlook for the cryptocurrency. This price prediction hinges on key resistance and support levels that could dictate Bitcoin price prediction.
Roger Ver, an early supporter of Bitcoin and advocate for Bitcoin Cash (BCH), faces indictment by the U.S. Department of Justice (DOJ) for allegedly evading taxes. The DOJ announced that Ver was arrested in Spain during the weekend, and the U.S. intends to request his extradition.
The charges relate to actions in 2017 when Ver, having relinquished his U.S. citizenship to become a resident of St. Kitts and Nevis, is said to have sold tens of thousands of bitcoins, amassing approximately $240 million.
Despite his expatriation, Ver was reportedly still required to declare his earnings and pay taxes on profits linked to U.S. entities.
“Don’t expect bad people to do good things”
— Roger Ver (@rogerkver) April 25, 2024
According to the DOJ, Ver hid from his accountant the fact that he had received and sold bitcoins from MemoryDealers and Agilestar in 2017.
Consequently, his tax returns for that year did not disclose any profits or tax liabilities from these sales. Ver’s recent cryptic post on X, “Don’t expect bad people to do good things,” seems to comment on his current predicament.
On Wednesday, the Federal Reserve decided to keep interest rates unchanged, continuing the same policy since July 2023. However, a significant change is on the horizon.
Starting in June, the Fed plans to scale back its quantitative tightening (QT) program. This program involves selling off assets to reduce the money supply and
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