Bitcoin’s price is up to above $51,000 Tuesday morning after a big drop that took it below $46,000 Saturday morning.

The sharp, sudden decrease started on Friday just days after Bitcoin nearly hit $59,000 on Wednesday. Bitcoin hovered between $46,000 and $49,000 throughout the weekend, and is back to where it was in early October before a climb that lasted throughout November — when it hit its current all-time high — and into December.

The recent drop in Bitcoin’s price represents a pronounced decline from the high it set on Nov. 10 when it went over $68,000. The decreases follow fresh comments from SEC Chairman Gary Gensler about cryptocurrency regulation, uncertainty over the new omicron variant of the coronavirus, and President Joe Biden signing a $1.2 trillion infrastructure bill last month that contains key provisions that could have the tax ramifications for crypto investors.

Even after falling back from its latest all-time high price, Bitcoin’s current price still represents a big upswing from the low $40,000 range seen in September. And many experts still expect Bitcoin’s price to rise above $100,000 as soon as next year.

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