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After regulatory concerns in China crashed the market last month, cryptocurrencies plummeted again Tuesday morning after the Department of Justice said it seized $2.3 million in bitcoin as part of its investigation into a ransomware attack that shut down the nation’s largest gas pipeline, fueling concerns U.S. officials could ramp up their crypto oversight—something that’s helped spark a years-long bear market before.
The market plunged more than 11% Tuesday morning.
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