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Bitcoin and other cryptocurrencies sank Friday as concern about Biden raising U.S. capital gains taxes on the rich led to a wave of selling. Bitcoin, which hit an all time high near $65,000 on April 14, sank 6.5% to under $50,000. That’s a 23% plunge in a little more than a week. The crypto market value, half of which is bitcoin, dropped $200 billion in just a day. Bitcoin went below a $1 trillion in market value as the global crypto universe slipped below $2 trillion, according to price-tracking website CoinMarketCap.

Intel late Thursday delivered essentially flat first-quarter sales and a drop in profit in the first earnings report under new CEO Pat Gelsinger. The Dow stock declined more than 2% in premarket trading, though Intel’s per-share earnings and revenue did beat estimates. Gelsinger, who took over in February, announced a plan earlier this month to invest $20 billion in new microchip manufacturing plants. Dow components American Express and Honeywell delivered quarterly results Friday morning. Amex beat handily on profit but missed on revenue. Shares dropped nearly 4%. Honeywell beat on both, though its stock was also lower.

The CDC’s immunization advisory panel is set to meet Friday on whether to lift the pause on Johnson & Johnson‘s one-shot Covid vaccine. In addition to six women who developed rare but severe blood clotting issues after getting the vaccine, the CDC is looking into two more possible cases: an Oregon woman who died and a Texas woman who was hospitalized. Of the original six, one died and one became critically ill. According to CDC data, over 8 million people have received the J&J vaccine in the U.S.

SpaceX launched four astronauts into orbit Friday morning from NASA’s Kennedy Space Center in Florida, using a recycled rocket and capsule. It’s the third crewed flight in less than a year for Elon Musk‘s privately held commercial space company. The astronauts from the United States, Japan and France should reach the International Space Station early Saturday after a 23-hour ride in the same capsule used by SpaceX’s debut crew last May.

— Reuters and The Associated Press contributed to this story. Follow all the market action like a pro on CNBC Pro. Get the latest on the pandemic with CNBC’s coronavirus coverage.