Wall Street

If you lost money in crypto, here’s how you can get some back

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The Philadelphia Inquirer

If you lost money in cryptocurrency this year, there’s a bit of good news. You can claim that loss on your taxes. This year has been a period of massive losses, with the most popular currency, Bitcoin, trading at above $68,000 in November, then crashing to $22,900 this month. The bear market in crypto erased $2 trillion in market value and led to several bankruptcies among crypto firms like Celsius, Voyager Digital and Three Arrows Capital, among others. However, you can claim crypto losses and offset gains in your portfolio, say Philadelphia-area accounting experts. Trading generates gains or…

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