Why is the crypto market down today? By Cointelegraph

The crypto market is down today, as a slew of negative news events weigh on , Ether and altcoin prices.

After jumping to yearly highs, Bitcoin (BTC) and Ether (ETH) retraced a portion of their year-to-date gains and the primary downside catalyst appeared to be an announcement that the United States Department of Justice would reveal enforcement action against Bitzlato and ramp-up pressure on certain players in the crypto sector.