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24/04/2021 Watch: Mark Richardson reveals he s invested in popular cryptocurrency. Credits: Video - The AM Show; Image - Getty Bitcoin and other cryptocurrencies posted sharp losses on Friday, on concern that US President Joe Biden s plan to raise capital gains taxes will curb investments in digital assets. News reports on Thursday said the Biden administration is planning a raft of proposed changes to the US tax code, including a plan to nearly double taxes on capital gains to 39.6 percent for people earning more than US$1 million. Bitcoin, the biggest and most popular cryptocurrency , slumped to US$47,555, falling below the US$50,000 mark for the first time since early March. It was last down 4 percent at US$49,667.

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