Bitcoin plunges in biggest intraday drop since February

Reports attributed the plunge to speculation the U.S. Treasury may crackdown on money laundering that’s carried out through digital assets.

'The crypto world is waking up with a bit of a sore head today'

Bitcoin plunged the most in more than seven weeks, just days after reaching a record.

The biggest crypto coin fell 10.1% to $54,743.57 as of 7:30am in New York on Sunday, after declining as much as 15.1% to $51,707.51 in the Asian day. Ether, the second-largest token, dropped almost 18% before paring losses.