Cryptocurrencies like Bitcoin, Ether and Dogecoin took a beating Friday, extending a recent run of wild swings as President Joe Biden is expected to unveil a plan to raise taxes on the wealthiest Americans that would nearly double levies on investment gains.
The losses erased more than $200 billion of value from the cryptocurrency market, according to CNBC, citing data from CoinMarketCap.
Given bitcoin’s meteoric rise in recent years, it could push some investors to sell their positions in an…
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