Topline
Bitcoin—the world’s most popular cryptocurrency—struggled to recover its losses on Friday after plunging below the $50,000 price level in the early hours of the morning thanks to investor jitters over President Biden’s plan to nearly double capital gains taxes for the wealthy.
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Key Facts
A wave of selling that started early Friday morning pushed bitcoin’s price as low as about $47,814, according to crypto-data website CoinMarketCap, and wiped $97…
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