The website of the U.S. Securities and Exchange Commission (SEC) went offline...

Kabir903

CoinDesk Reports:
The official government website of the U.S. Securities and Exchange Commission (SEC) went offline Thursday evening. X (formerly known as Twitter) received reports of the shutdown as early as 10:24 p.m. ET. Several hours later, the website remained offline.
Before the website shutdown, the trading price of Bitcoin was around $71,200. When the website went offline, Bitcoin dropped to below $66,800 on Bitstamp. The 6.5% decline wiped out over $80 billion in market value within two hours.
It should be noted that while the sharp drop in price coincided with the SEC website outage, the exact reason for the significant Bitcoin plunge remains uncertain.
The SEC is the world's most powerful securities regulatory agency, with jurisdiction over trillions of dollars in publicly traded securities. Its commissioners are authorized by Congress to oversee securities transactions worth billions of dollars annually. The website provides official statements and documents related to corporate disclosures, enforcement actions, educational information, and ongoing litigation.
The SEC also claims jurisdiction over many assets in the cryptocurrency industry, designating many tokens as unregistered securities.

Read more: Cryptocurrency Reacts Dramatically to SEC Approval of Spot Bitcoin ETF
The SEC's X account remained online during the website interruption. The account remained unresponsive for at least two hours after the shutdown.
While not common, there have been historical examples of U.S. government website outages. In fact, Justice.gov, WhiteHouse.gov, HealthCare.gov, USA.gov, and NASA.gov have all experienced extended periods of downtime in the past.

Kapil334

The price has also experienced a decline.

Shri333

It's perfectly normal for Bitcoin to rise and fall.