![How to determine crypto cost basis for accurate tax filings How to determine crypto cost basis for accurate tax filings](https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMDUvODY0NGI3YmQtM2U0NS00MmQ2LTg4OTctYTM5YzM2ZmMwMTVjLmpwZw==.jpg)
Calculating the cost basis of cryptocurrency for tax purposes involves considering purchase prices, transaction fees and events such as hard forks or staking rewards. Source link
![Bitcoin Surges After Fed Reveals 25 Basis Point Hike Bitcoin Surges After Fed Reveals 25 Basis Point Hike](https://s32659.pcdn.co/wp-content/uploads/2022/12/BIC_FED-statement_positive.jpg.webp)
The Federal Reserve increased interest rates by 25 basis points on Feb. 1, 2023, taking the U.S. Federal Funds rate to between 450 and 475 basis points. The latest increase follows a 50…