Bitcoin, Dogecoin slide, Ethereum rises as U.S. government’s $2 billion worth of King Crypto transfer spooks the market. What Happened: Bitcoin hit $70,000 early in the morning but began to retrace as a wallet linked to the U.S. Department of Justice moved out $2 billion in Bitcoins. The news resulted in panic selling, bringing King Crypto below $67,000. The transfer didn’t affect Ethereum although the world’s second-largest cryptocurrency remained choppy throughout the day. About $193 million locked in derivatives positions was liquidated in the last 24 hours, with long liquidations equating …
