Bitcoin’s horrific run isn’t over yet. The cryptocurrency plummeted 10% and tanked to its lowest point in weeks.

News of the DOJ seizing $2.3M in Bitcoin triggered the plunge. The department cited its investigation of Colonial Pipeline’s cyber attack (the ransomware was paid in BTC.X) as the reason for interference. 

This is bad news for crypto fans— there’s now controversy about whether or not crypto is beyond government control. 

The news also affected altcoins like Ethereum and Dogecoin, which fell ~8% or more. Oh, and the IRS chief asked Congress for authority to collect cryptocurrency transfer data

Bitcoin dipped more than 40% over the last month. Will Bitcoin hit bear territory? 

Time will tell…