Cryptocurrency market rebounds on Biden tax hurdle

Its price action has been mostly hovering within this range except the steep dip up to US $47,000 level at one point on Friday, while open interest in bitcoin futures also remain consistent.

At the same time, the risk of further decline and downtrend remains likely.

However, it appears there is mounting skepticism whether these changes can actually pass the US Congress or what will ultimately pass Congress.

Risk Warning: Cryptocurrency is a unregulated virtual notoriously volatile asset with a high level of risk.

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