(Bloomberg) — Bitcoin plunged the most in more than seven weeks, just days after reaching a record.
The biggest crypto coin fell 8.5% to $55,810.32 as of 2:52 p.m. in Singapore on Sunday, after declining as much as 15.1% to $51,707.51. Ether, the second-largest token, dropped almost 18% before paring losses.
Several online reports attributed the plunge to speculation the U.S. Treasury may crack down on money laundering that’s carried out through digital assets.
Bitcoin hit a record high of…
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