Bitcoin falls 1.8% to $50,270

Reuters2021-04-25

April 24 (Reuters) - Bitcoin dropped 1.77% to $50,269.9 on Saturday, losing $906.75 from its previous close.

Bitcoin, the world's biggest and best-known cryptocurrency, is down 22.5% from the year's high of $64,895.22 on April 14.

Ether, the coin linked to the ethereum blockchain network, dropped/dipped 4.91 % to $2,253.41 on Saturday, losing $116.36 from its previous close.

Bitcoin and other cryptocurrencies suffered hefty losses on Friday amid fears that U.S. President Joe Biden's plan to raise capital gains taxes will curb investment in digital assets.

But while social media lit up with posts about the plan hurting cryptocurrencies, and individual investors complaining about losses, some traders and analysts said declines are likely to be temporary.

There has been growing retail and institutional investor acceptance of digital currencies as a legitimate asset class. That has coincided with a surge in online trading in stocks and crypto by retail investors, stuck at home with extra cash because of the COVID-19 pandemic.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

reeve
2021-04-25
reeve
As I mentioned before... Fall fall fall... ?
AliceQuah
2021-04-25
AliceQuah
It's almost time to rebounce
Hamsterwan
2021-04-25
Hamsterwan
Hahaha
Boo2020
2021-04-25
Boo2020
Like and comment pls[微笑] [開心]
一心只想投资赚点生活费
2021-04-25
一心只想投资赚点生活费
It’s time
sinsin
2021-04-25
sinsin
Up again

Leave a comment

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