The price of bitcoin dropped below the psychologically important $50,000 level on Friday, as worries over rising U.S.
last changed hands at $47,659, a slide of 12% over 24 hours and a level not seen since early March, according to Coindesk.
Bitcoin saw a sharp slide last weekend, though the cryptocurrency’s volatility mean slides of more than 10% are not unusual.
“It is clear that Bitcoin is more sensitive to capital gains tax threats than most ‘asset’ classes.