Monday, September 22, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home Cryptocurrency Bitcoin

Over $200 billion has been wiped from the cryptocurrency market in a single day, as bitcoin falls below $50,000 amid fears of a tax increase

Tech Gist Africa by Tech Gist Africa
04/26/2021
in Bitcoin, Cryptocurrency, Fintech, The Big 5, World News
0 0
0
bitcoin cryptocurrency tech news africa

bitcoin cryptocurrency tech news africa

0
SHARES
Share on FacebookShare on Twitter

Bitcoin and other cryptocurrencies were trading in the red early Friday, as investors feared that the US government might raise taxes soon.

The White House has proposed increasing capital gains taxes on those making more than $1 million a year from 20% to 39.6%, but market participants are concerned about the reality of higher taxes.

Crypto investors are concerned that higher capital gains taxes would reduce demand for cryptocurrencies such as bitcoin, which has soared in recent months.

According to Coin Metrics, Bitcoin was down 7.3 percent at $49,730. It’s the first time since early March that bitcoin has traded below $50,000.

Ether has dropped by 8% to $2,320. The fifth-largest cryptocurrency, XRP, has dropped by 16 percent.

According to CoinMarketCap estimates, this wiped out more than $200 billion in value from the entire cryptocurrency market.

Bitcoin has gained 66 percent in 2021 alone, while Ethereum has gained over 200 percent.

 

Read More on Tech Gist Africa:

The International Monetary Fund (IMF) supports digital money for cheaper remittances and cross-border transfers

Bitcoin reaches a new all-time high of $63,000, Ahead of Coinbase listing

Coinbase was valued at $86 billion closes at $328.28 per share at the end of its Nasdaq debut

 

ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

Apple iPhone 17
Gadgets

Apple’s “Awe-Dropping” Event: iPhone 17 Lineup, Ultra-Slim Air, New Watches + More Unveiled

by Tech Gist Africa
09/15/2025
0

At its latest hardware event on September 9, 2025, Apple pulled back the curtain on a suite of new devices...

Read more
Larry Ellison

Oracle’s Larry Ellison Overtakes Elon Musk After $101B One-Day Surge to Become World’s Richest

09/11/2025
Gitex Nigeria 2025

Nigeria’s Digital Moment: Key Takeaways from GITEX Nigeria 2025

09/11/2025
Alibaba China

Alibaba Group Holding announced plans to raise about US$3.2 billion

09/11/2025
Regulatory Tech Africa

EU Court Tells Regulators: Rethink How You Charge Big Tech, Meta & TikTok Win Key Ruling

09/11/2025
Next Post
Airtel Africa

A new $500 million loan facility has been signed by Airtel Africa

Honda Electric Vehicle

Honda's new CEO wants all of its vehicles to be electric by 2040

WAAFI Fintech Somalia

Hormuud Telecom launches WAAFI, the first mobile money app in Somalia

No Result
View All Result

The Big 5

Gitex Nigeria 2025

Nigeria’s Digital Moment: Key Takeaways from GITEX Nigeria 2025

by Tech Gist Africa
09/11/2025
0

...

Itana Nigeria

Itana Opens Applications for Digital Residency Launchpad

by Tech Gist Africa
09/11/2025
0

...

Africa’s Business Heroes 2025

Africa’s Business Heroes Names 20 Finalists for $1.5M 2025 Prize

by Tech Gist Africa
09/11/2025
0

...

Innovation Process

Djezzy Launches Open Innovation Challenge 2025 to Drive Inclusive Digital Transformation in Algeria

by Tech Gist Africa
09/11/2025
0

...

Temidayo Isaiah Oniosun Nigeria

Temidayo Oniosun Launches Nigeria’s First Egusi Seeds to Space

by Tech Gist Africa
09/11/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.