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Bitcoin and crypto markets crash on US crackdown reports – Yahoo Finance Australia

The drop appears to coincide with reports that the US Treasury is planning to tackle financial institutions for money laundering carried out through digital …

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On Sunday, bitcoin shed nearly $8,000 and is currently trading at $55,042 down from a day high of $62,000. Photo: Getty
Bitcoin (BTC-USD) is experiencing a massive sell-off, shedding as much as 15% in the last 24 hours the biggest intraday drop since February days after hitting record highs. 
In late February, bitcoin saw a retreat to as low as $43,000 amid uncertainty in the traditional markets over stimulus expectations and their positive effects on US bond yields.
The drop appears to coincide…

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