 "Bitcoin falls below $32K after Colonial Pipeline’s ransom recovery")
Bitcoin slumped to a two-week low, with some analysts pointing to the recovery of Colonial Pipeline’s ransom as evidence that crypto isn’t beyond government control.
The largest token tumbled as much as 12.05 per cent to $31,623.98 (8.40 pm IST) in New York trading. The wider Bloomberg Galaxy Crypto Index fell as much as 12 per cent, with altcoins such as Ethereum, Litecoin and EOS dropping more.
The fact that investigators “could trace the untraceable and seize it might be undermining the libertarian, free-of-government-control case,” said Jeffrey Halley, a senior market analyst at Oanda. The implications of that
The largest token tumbled as much as 12.05 per cent to $31,623.98 (8.40 pm IST) in New York trading. The wider Bloomberg Galaxy Crypto Index fell as much as 12 per cent, with altcoins such as Ethereum, Litecoin and EOS dropping more.
The fact that investigators “could trace the untraceable and seize it might be undermining the libertarian, free-of-government-control case,” said Jeffrey Halley, a senior market analyst at Oanda. The implications of that
