Bitcoin plummets, Tether is once again caught up in legal investigation

Cryptocurrency rebound was hampered by a U.S. Department of Justice investigation report on . Bitcoin seemed poised to challenge $70,000 again, On Friday afternoon in the U.S., cryptocurrency prices gave back earlier gains and broadly declined, affected by a Wall Street Journal report that the U.S. is investigating , the issuer of the stablecoin, for alleged violations of sanctions and anti-money laundering rules. (USDT), with a market cap exceeding $120 billion, is currently the most widely used stablecoin. Prior to the release of this news, cryptocurrency prices had risen, with approaching $69,000, seemingly poised to challenge the $70,000 mark for the first time in three months later in the day or over the weekend. Within minutes of the news, fell to as low as $66,500, down nearly 2% in 24 hours, before recovering slightly to $66,800. The broader market indicator, the CoinDesk 20 index, fell 2.3% at the same time. Chief Technology Officer Paolo Ardoino responded on X (formerly Twitter), stating that the Wall Street Journal was simply "rehashing old news." is under investigation.>