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Bitcoin Value Plummeting Following The Silk Road Shut Down

Steve KovachOct 2, 2013, 22:55 IST

The FBI seized Silk Road this morning. Silk Road is a website that let people anonymously buy illegal drugs using Bitcoin. The FBI also took 26,000 Bitcoins from Silk Road.

Following the news, Bitcoin's value has plummeted. One Bitcoin was worth about $123 early this morning. It's now down to $105.

Here's the chart:

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