![Bitcoin mining Miner figurines digging ground to uncover big gold bitcoin](https://img.capital.com/imgs/articles/263x190x1/shutterstock_1009585462_2.jpg)
Some see coins as blue chip investments, others as a means to fund mining operations
![Taxes Tax filing concept with Form 1040, pencils and calculator](https://img.capital.com/imgs/articles/263x190x1/1040-calculator.jpg)
The raise comes as US regulators seek to clamp down on the use of crypto to evade taxes
![Cryptocurrency Investing and stock market concept gain and profits](https://img.capital.com/imgs/articles/263x190x1/shutterstock_764356612_0.jpg)
Decision to leave interest rates in place until March causes falling crypto prices to level off
![BitFuFu Macro view of miner working for bitcoins mine pool](https://img.capital.com/imgs/articles/263x190x1/shutterstock_1009585462_1.jpg)
BitFuFu founded by Bitmain and seeks to become the fastest mining operation on the globe
![Bitcoin Investment platform with charts and bitcoin coin.](https://img.capital.com/imgs/articles/263x190x1/shutterstock_1888907947.jpg)
Rising interest rates and inflation fears are often good news for crypto, but haven’t been recently
![Dogecoin Gold Dogecoin on dark backround](https://img.capital.com/imgs/articles/263x190x1/shutterstock_1916961890_2.jpg)
Analysts still say the asset should be seen as a gimmick and a novelty, not a driver of sales
![Stablecoin Stablecoin in front of stock market display](https://img.capital.com/imgs/articles/263x190x1/shutterstock_2045494706.jpg)
Federal Reserve chair Jerome Powell said on Tuesday that stablecoins can exist within the central bank’s framework
![cryptocurrency Money banknote and golden bitcoin over black background.](https://img.capital.com/imgs/articles/263x190x1/shutterstock_1939894174.jpg)
Planned Federal Reserve anti-inflation actions have helped crater crypto values, analysts say