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Bitcoin is taking it on the nose following the FBI seizure of Silk Road, a popular ? and partially hidden ? marketplace for drugs and other items generally outside the orbit of the law. As TechCrunch reported earlier today, about $1.2 billion in Bitcoin flowed through Silk Road, resulting in a nearly $80 million commission for the service. For more on the seizure, head here. Bitcoin is responding about as you would expect to having a core market that accepted it taken down, and the Federal government hemming in on its slice of the Web: By rapidly shedding value. Bitcoin traded as high as $145 per coin at the end of September. Today, it's trading around the $119 mark. RealTimeBitCoin is reporting a buy-sell spread of?$118.10 to $119.00. This squares with another data source tracking the Mt. Gox Bitcoin-Dollar exchange rate, which places the current trading range at nearly precisely the $118 level. Here's a chart as compiled by Clark Moody: That's quite the drop. And it is not really tha

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