Bitcoin Pay: Crypto Market Falls Lead to Questions

TIM THOMAS TIM THOMAS Learn more

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The bitcoin price has been more than cut in half since November levels, falling from a peak of close to $69,000 to about $33,700 today. The S&P 500, meanwhile, has fallen over 10% from its recent peak, placing the index in correction territory.

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Ethereum, the second-biggest cryptocurrency, has seen its price tumble by 30% in the last few days alone to $2,230 after trading above $4,000 in December.

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Crypto Pay

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NFL Players Are Early Bitcoin Movers

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The Action Network’s Darren Rovell was quick to point out that when Beckham signed his contract, the bitcoin price was trading at over $64,000 per BTC. According to Rovell’s calculations, that means Beckham’s contract is now worth less than $413,000 even before being taxed for the whole shebang, which he pegs at roughly 50% for federal and California state taxes, bringing the NFL player’s take-home pay to about $35,700.

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