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Bitcoin’s big selloff was a long time coming: Investors decode crypto's massive slump
SECTIONS
Last Updated: Apr 23, 2021, 08:53 PM IST
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Synopsis
While the digital token is known for its big price swings, this latest bout has been particularly head-spinning after the all-time high notched on April 14.
Reuters
The token plunged below $50,000 in Friday trading for its worst week in almost two months as a proposed tax hike for wealthy Americans intensifies an industry selloff.
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Bitcoin has rewarded investors with massive gains all year, but now the cryptocurrency’s famous volatility is back.
The token plunged below $50,000 in Friday trading for its worst week in almost two months as a proposed tax hike for wealthy Americans intensifies an industry selloff.