Bitcoin price dips sharply ahead of DOJ crypto enforcement announcement

Quick Take

  • Bitcoin tumbled below $21,000 in a seeming reversal of a days-long trend.
  • Move came after the U.S. Departments of Justice and Treasury said they would announce a joint enforcement action against an international crypto entity today. 

Bitcoin's price fell sharply late Thursday morning after the U.S. Departments of Justice and Treasury said they would announce a joint enforcement action against an international crypto entity today. 

The price fell more than $800, reaching $20,777, according to data from TradingView. The price had earlier reached a daily high of $21,650.

Bitcoin's price has regained some of that ground and is trading hands at about $20,900 as of press time.

BTCUSD Chart by TradingView

Still, bitcoin's price is well above the roughly $16,600 level where it began the year.

BTCUSD Chart by TradingView


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