Bitcoin stock price live is stabilizing at $68

Bitcoin stock price live is stabilizing at $68,050 after intraday high of $68, The previous big move we wrote about was about 20 hours ago when the stock gained 4.5% on the news that the U.S. Treasury Department and IRS indicated the company may avoid the 15% U.S. corporate alternative minimum tax on its substantial unrealized cryptocurrency gains. The interim rule clarifies that companies can exclude unrealized gains and losses on digital assets, such as Bitcoin, when calculating their tax liability. This development is particularly significant for Strategy, the world's largest corporate Bitcoin holder, as it has previously flagged the risk of a multi-billion-dollar tax bill on its more than $27 billion in unrealized profits. The favorable guidance removes this major financial uncertainty for the company. The stock's rise also occurred as the price of Bitcoin surged, lifting other cryptocurrency-linked equities. Mr. Powell’s comments come at a time when the Fed has faced increasing criticism from Republicans for its attention to racial equity and climate change, issues central bank officials often say have economic and financial stability implications but which some lawmakers paint as too political for the central bank. The Fed is independent of the White House and is supposed to be nonpolitical so that it can make prudent long-term economic decisions. Bitcoin stock price live sits near $67,910, with Bollinger Bands widening, signaling potential breakout moves. Traders are watching the $68,500 resistance closely for momentum-driven buying opportunities.