After the sharp decline, the cryptocurrency market is recovering: How much is bitcoin worth today?

Bitcoin traded at $ 50,042 today at around 10 a.m., according to CoinDesk, up about 3 percent from yesterday’s price of $ 47,875.

It is very close to the growth rates of the most popular cryptocurrency a month ago, when the value of bitcoin reached a historical record of $ 62,830.

In the last two days, almost all popular cryptocurrencies have seen a sharp drop in price, which analysts suspect is a consequence of US President Joe Biden’s proposal to introduce a capital gains tax of 39.6 percent.

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