Bitcoin sinks below $50,000 as cryptos stumble over Joe Biden tax plans
- Date: 23-Apr-2021
- Source: Money Control
- Sector:Financial Markets
- Country:Middle East
Bitcoin sinks below $50,000 as cryptos stumble over Joe Biden tax plans
The selloff came after reports that the Biden administration was planning a raft of proposed changes to the US tax code, including a plan to nearly double taxes on capital gains to 39.6 percent for people earning more than $1 million.
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