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Bitcoin's big selloff was a long time coming: Investors decode crypto's massive slump


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.
Related
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.

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