Dogecoin Falls 59.1% in a Year, Putting U.S. Tax Records in Focus

Dogecoin (DOGE) fell 59.1% over 12 months in an Oct. 20 snapshot, putting U.S. investors’ purchase histories in focus as they assess the tax treatment of any realized gain or loss. At about 4:09 p.m. ET on Oct. 20 (20:09 UTC), DOGE traded near $0.08139. Its market value was about $12.73 billion, placing it 12th among cryptocurrencies in that snapshot. Bitcoin (BTC) had fallen 25.6% over the same period. That market decline does not establish the result for an individual investor.

Source: TokenPost