For the uninitiated, Mercury represents bitcoin's price data and Saturn is a restricting indicator.
The Israeli government has published and circulated a draft proposal with Israel’s Tax Authority looking to introduce VAT on ICOs.
The latest tumble leaves bitcoin more than 40 percent down from the record highs of around $20,000 reached in mid-December.
The shift in sentiment towards ICOs could incentivize more Israeli start-ups to enter the ICO market.
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