I've made this same prediction before. In 2001 it was driven by people owing AMT from option exercises in addition to day trading. We got tax paperwork from our brokers though - I'm not sure how many crypto traders will even realize they owe taxes.
The crypto market is less dependent on the US but it may also be priced at the margins and unable to absorb a big selloff.
The crypto market is less dependent on the US but it may also be priced at the margins and unable to absorb a big selloff.