Bitcoin declines over 13% to $53,763 as of 4:44 a.m. in the United States on Sunday, after declining as much as $52,829
United States, April 18, 2021 /AlexaBlockchain/ – Bitcoin price today recorded the biggest intraday drop in more than seven weeks, just days after reaching a fresh ATH. Other cryptocurrencies were also feeling the pinch of the plunge that may have been caused due to the US Treasury’s speculated crackdown on money laundering via digital assets.
- Bitcoin declined over 12% to $53,763 as of 4:44 a.m. in the United States on Sunday, after declining as much as $52,829, according to crypto market data site CoinMarketCap.
- Ether, the second-largest token, declined almost 18% before paring some losses.
- Several online reports attributed the sharp decline to speculation the U.S. Treasury may crack down on money laundering that’s carried out through digital assets.
- Bitcoin hit a fresh ATH of $64,863 last week ahead of the debut trade for the cryptocurrency exchange Coinbase Global Inc. on the Nasdaq Wednesday.