Biden’s tax plan prompts crypto sell-off, forcing bitcoin below $50k support line

Cryptocurrency prices have fallen across the board, ending a recent rally for ether and pushing bitcoin below the $50,000 mark.

Bitcoin has fallen more than 10.4% in the last 24 hours to $48,770, while ether dropped 11.6% to $2,194 and XRP more than 20% to $1.04. Prices are as of 8am BST on 23 April, according to data from Luxembourg-based exchange Bitstamp.

The…