Bitcoin falls 10% to $33,747

Bitcoin, the world’s biggest and best-known cryptocurrency, is down 48 percent from the year’s high of $64,895.22 on April 14.

Bitcoin slid to a 2-1/2-month low on Thursday after a regulatory probe into crypto exchange Binance added to pressure from Tesla Inc chief Elon Musk’s reversing his stance on accepting the digital currency.

Bloomberg reported on Thursday that as part of the Binance inquiry, the U.S. Justice Department and the Internal Revenue Service have sought information from individuals with insight into its business.

The world’s largest cryptocurrency fell 17% on Wednesday following Musk’s remarks that Tesla would stop accepting the digital token as payment for its electric cars for environmental reasons.

 

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