Bitcoin fell below $ 50,000 amid proposals to raise taxes in the US

The price of bitcoin fell below $ 50,000 this morning, having touched a local minimum at $ 48,555 on the Binance cryptocurrency exchange.

The rest of the cryptocurrencies are also falling – Ethereum, after hitting an all-time high above $ 2,600 yesterday, is now trading in the $ 2,200 area, while BNB, CoinMarketCap’s third largest coin, has dropped below $ 500 after the recent ATH of $ 638.

Note that the Bitcoin correction followed the news that US President Joe Biden proposed to raise the capital gains tax for the rich by as much as 100% – to 43.4% from the current 20%. Against the backdrop of such news, the US stock market began to decline – cryptocurrencies seem to correlate with fiat.

In connection with the current fall, about $ 1.6 billion of positions in cryptocurrency futures were liquidated.

In parallel, the dominance of bitcoin fell below 50% for the first time in three years.

Where is it more profitable to buy bitcoin?

For the safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support the deposit and withdrawal of funds in rubles, hryvnia, dollars and euros.

The reliability of the site is primarily determined by the trading volume and the number of users. By all key metrics, Binance is the largest cryptocurrency exchange in the world. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from Visa / MasterCard bank cards and payment systems QIWI, Advcash, Payeer.

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