BITCOIN SLUMPS 7% AS US JUSTICE DEPARTMENT SEIZES $2.3 MN OF COLONIAL PIPELINE RANSOM

Highlights

• Deputy Attorney General Lisa Monaco said investigators managed to 63.7 bitcoins valuing about $2.3 million currently

• The bitcoin which initially went up to $60,000 plunged to nearly $30,000 last month

The impact of the US Justice Department seizing bitcoin worth $2.3 million that was paid by Colonial Pipeline to the hackers was immediately seen by the cryptocurrency market. The prices of b....