Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Churphans on June 08, 2021, 01:13:47 PM
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Bitcoin, the largest cryptocurrency by market cap, plunged to an intraday low of $32,418 at 2:52 a.m. UTC on the Bitstamp exchange.
The flagship coin is struggling to recover after posting its third-biggest monthly loss ever in May.
The most recent drop came after U.S. investigators seized $2.3 million in Bitcoin paid to the Colonial Pipeline hackers, which made some question the cryptocurrency’s technology.
Justin Wolfers, a professor of economics and public policy at the University of Michigan, writes that the news has further reduced the number of Bitcoin’s use .source (https://cryptonews.net/769687/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)