Bitcoin drops to 3-week low, other cryptocurrencies plunge after prosecutors raid largest Korean exchange
Major cryptocurrencies tumbled Friday after news prosecutors raided UpBit, the largest cryptocurrency exchange in South Korea.
Bitcoin fell 5.5 percent to $8,511, its lowest since April 20, according to CoinDesk's bitcoin price index. The cryptocurrency traded near $8,563 as of 9:12 a.m. ET.
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