Bitcoin just dropped sharply and suddenly



The price of bitcoin tumbled more than 2% in a matter of minutes Tuesday afternoon, roughly three hours after New York’s Attorney General Eric Schneiderman announced an investigation into major cryptocurrency exchanges.

It wasn’t immediately clear what may have caused the sudden drop, but Schneiderman’s letters to 13 major cryptocurrency platforms, including New York-based Gemini and Coinbase’s GDAX, could have a possible chilling effect on the crypto space at large.

Bitcoin price

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