This is definitely something I will be exploring in later parts. However, capital gains only applies if you hold the asset for over 1 year. Under 1 year is considered trading income and taxed like normal income. (In the US)
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I found what I think to be a relevant article, citing the IRS as a competent authority, and a ruling issued by the same. Bitcoins are considered "intangible property", so it received capital gain or loss treatment
https://www.forbes.com/sites/greatspeculations/2017/02/21/if-you-traded-bitcoin-you-should-report-capital-gains-to-the-irs/#19d5013ae3d8
I hope you find this of interest and to be useful.
Thanks.