The cryptocurrency market experienced a sudden and sharp downturn on Friday, April 12, which saw the Bitcoin price and the value of other large-cap assets take severe hits.
Litecoin’s (LTC) price looks at recovery following a bearish couple of days, which also validated a 30% decline.
However, how far the potential recovery will take LTC is the question as investors’ participation grows.
The Internal Revenue Service (IRS) has recently hired two prominent figures from the digital asset industry. Their mission is to spearhead the agency’s efforts in enhancing crypto tax compliance and enforcement.