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Cryptocurrency was blown away when electric car maker Tesla Inc. previously announced that it was investing heavily in Bitcoin. Cryptocurrency, including bitcoin, plummeted last week in the wake of the recent Turkish decision to abolish crypto, US President Jobiden announced a double tax. At one point the bitcoin fell below $ 50,000. But now cryptocurrencies like Bitcoin are jumping again. Bitcoin traded below 50,000 earlier this week Now running towards 55 thousand.