Bitcoin plunged more than 5 percent to give $40,000 but it is holding the $39,000 mark.

As of the morning of the 2nd, Bitcoin recorded $39,848 on Coin Market Cap, a global coin market relay site, down 5.74% from 24 hours ago.

Bitcoin fell to the early $39,000 range a few hours ago, but it has secured $39,000 range.

Bitcoin began to plunge as news spread earlier that the U.S. government, which is pushing for large-scale infrastructure investments (social overhead capital), would raise taxes on cryptocurrency (virtual currency) to raise funds.

Bitcoin, which had originally maintained the $41,000 range, once threatened to collapse $39,000 as the $40,000 range was broken, but it seems to be keeping the $39,000 line as low-priced purchases flowed in.

Bitcoin has turned downward as news spread that both houses of the U.S. and Senate are planning to raise about $28 billion of infrastructure investment funds worth about 550 billion dollars through tax increases related to cryptocurrency, according to Forbes, a U.S. economic media.

Before the news, Bitcoin rose for the 11th day and held the longest rally in eight years.