Bitcoin crashed Thursday with a 13% sell-off on a tweet.

The route began just hours after Bitcoin rose within $7 of itsrecord high of $19,511, which wasculminating growth of more than 250% over the past nine months. Concerns about tighter cryptocurrency regulation and profit-taking after a wild rally were among the reasons given for the sudden drop.
Source: Bloomberg www.bloomberg.com/news/articles/2020-11-26/crypto-boom-shaken-as-bitcoin-plunges-along-with-other-coins?srnd=premium-europe
Twitter text: Brian Armstrong
@brian_armstrong
Last week we heard rumors that the U.S.Treasury and Treasury Secretary Mnuchin planned to rush out some new rules regarding offline cryptocurrency wallets before the end of their terms. I am concerned that this may have unforeseen side effects and would like to share these concerns.
2:41 Nov 26, 2020