Bitcoin Drops – Silk Road Owner Arrested…..
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The bitcoin, valued by many for its anonymity, fell to $129 from over $140 a day before, according to a website for trading bitcoins, Mt.Gox. Earlier, the currency traded as low as $110.
The digital currency’s drop came after the FBI arrested alleged Silk Road owner Ross William Ulbricht, 29, known as “Dread Pirate Roberts,” on Tuesday in San Francisco.