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Bitcoin slumped to a two-week low, with some analysts pointing to the recovery of Colonial Pipeline Co.’s ransom as evidence that crypto isn’t beyond government control.
The largest token tumbled almost 7% at one point on Tuesday and was around $33,100 as of 9:13 a.m. in London. The wider Bloomberg Galaxy Crypto Index fell as much as 10%.
The fact that investigators “could trace the untraceable and seize it…
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