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10 May 2021

Bitcoin Rebounds 8% After Correction Sparked By Biden Tax Plan - Decrypt

Bitcoin Rebounds 8% After Correction Sparked By Biden Tax Plan - Decrypt


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Bitcoin has rebounded to a price of approximately $53,600, following a price plunge last week that saw it drop below $50,000 for the first time since March 7. .

Earlier this year, for example, Bitcoin fell by over $10,000 in a single day, but that was broadly considered to be one of Bitcoin’s many typical price corrections. 

Whether Bitcoin’s recent price drop was a typical correction or a jittery reaction to a rumored tax hike in the United States, it appears as though the cryptocurrency is now on the way to recovery. 

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