Bitcoin drops below $50,000 over tax hike scare
CNN
Bitcoin and other cryptocurrencies were deep in the red early Friday, selling off over worries that the US government will hike taxes in the near future.
Bitcoin dropped below $50,000 per coin for the first time since early March. Bitcoin was down more than 9% at $49,759 early Friday, according to trading platform CoinDesk. The second-largest cryptocurrency, Ether, was down more than 12% at $2,263 per token.
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