BITCOIN continues to be down today on Coinbase as Suex exchanged is sanctioned for “assisting in heists.”
The US Treasury announced that it would sanction the cryptocurrency exchange for its “alleged role in laundering ransoms for cyberattacks” according to CNBC.
Yesterday, Bitcoin dropped below $44,000 today as the entire market cap drops more than 8percent in one day.
The crypto dropped 10 percent to under $43,000 on Monday morning.
It was recently up to $48,638.99 after it rose 8.66 percent over the past week.
The tumble comes as Shiba Inu coin has spiked up in value after being added to Coinbase, as its rival DogeCoin dropped.
Meanwhile, the “meme” Dogecoin has gone down 5.8 percent over the last week.
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