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Cryptocurrencies

“Bitcoin climbs 8% as cryptocurrency market attempts a comeback from last week’s plunge”

“At around 3 p.m. London time, the price of the world’s most valuable digital currency climbed more than 8% to $53,757 a coin, according to data from Coin Metrics. Two smaller digital tokens, ether and XRP, rose 9% and 15% respectively. Last week, bitcoin slumped below $50,000 for the first time since early March after a proposed capital gains tax hike from U.S. President Joe Biden led to a wave of selling. The entire crypto market shed more than $200 billion of value in a single day.

Biden is expected to raise the long-term capital gains tax for the wealthiest Americans to 43.4%, including a surtax. That triggered a brief dip in stock markets, and analysts said fears over the proposal may have extended to the crypto market…”

https://www.cnbc.com/2021/04/26/bitcoin-btc-price-climbs-as-cryptocurrency-market-attempts-comeback.html

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