Bitcoin’s price has dropped to $48,000. This is the first time the cryptocurrency has fallen below $50,000 since March 7, 2021.
According to CoinGecko, Bitcoin has fallen by almost 10% in the last 24 hours, and by 23% in the last seven days.
Other coins fared even worse. XRP slipped 17.6% in the past day to $1.05 and Uniswap fell 14.3% to $31.85.
“There is a lot of new capital that has entered the market, some investors are still on edge and unverified negative news can cause a lot of short-term damage. That is what we are seeing,” Charles Storry, head of growth at DeFi index provider Phuture, told Decrypt.
Today’s price drop sees Bitcoin drop approximately 33% from its current all-time high in price of $64,445, achieved on April 14, according to CoinGecko.
One of the reasons why Bitcoin’s price may have seen a downturn is growing fears surrounding a capital gains tax hike in the US. Under US tax law, selling cryptocurrency triggers a “taxable event,” and US taxp
Źródło: https://decrypt.co/68869/bitcoin-price-crashes-below-50000
