<div style="float: right; margin: 15px 0 20px 20px;"><table border="0" cellspacing="0" cellpadding="0"><tbody><tr><td colspan="2"><a href="https://static-ssl.businessinsider.com/category/chart-of-the-day"> <img src="https://static-ssl.businessinsider.com/image/2237544b39b8324a71969a00/button-more-charts.gif" border="0" alt="button more charts" /></a></td></tr><tr><td><a href="http://www.businessinsider.com/category/chart-of-the-day"><img src="https://static-ssl.businessinsider.com/image/2237544b42b8324a7a969a00/button-chart-prev.gif" border="0" alt="button chart prev" /></a></td><td><a href="http://www.businessinsider.com/chart-of-the-day-galaxy-note-3-benchmarks-2013-10"><img src="https://static-ssl.businessinsider.com/image/2237544b4db8324a85969a00/button-chart-next.gif" border="0" alt="button chart next" /></a></td></tr></tbody></table></div><p>Today the <a href="http://www.businessinsider.com/silk-road-seized-ross-ulbricht-arrested-2013-10">FBI seized and shut down Silk Road</a>, a website that allowed customers to buy illegal drugs using <keyword id="6354947" type="UNKNOWN" weightage="60" keywordseo="Bitcoin">Bitcoin</keyword>. As part of the bust, the government took 26,000 Bitcoins, or the equivalent of about $3.2 million, from <keyword id="621419" type="COMPANY" weightage="60" keywordseo="Silk-Road">Silk Road</keyword>.</p>
<p>Following the news, Bitcoin's value began to collapse. Early this morning, one Bitcoin was worth about $123. As of this writing, it's hovering around $100. </p>
<p>Here's a chart that shows Bitcoin's collapse today. You can see where exactly where the Silk Road news hits.</p>
<p><div class="KonaFilter image-container display-table"><div><div class="image"><img src="http://static4.businessinsider.com/image/524c77576bb3f73127abf531-800-405/bitcoin-chart-1.jpg" border="0" alt="bitcoin chart of the day value plummets silk road" /><p class="source">Bitcoin Exchange</p></div><p></p></div></div></p>

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CHART OF THE DAY: Bitcoin Collapses Following Silk Road Shutdown

Today the FBI seized and shut down Silk Road, a website that allowed customers to buy illegal drugs using Bitcoin. As part of the bust, the government took 26,000 Bitcoins, or the equivalent of about $3.2 million, from Silk Road. Following the news, Bitcoin's value began to collapse. Early this morning, one Bitcoin was worth about $123. As of this writing, it's hovering around $100. Here's a chart that shows Bitcoin's collapse today. You can see where exactly where the Silk Road news hits. Bitcoin Exchange

Today the FBI seized and shut down Silk Road, a website that allowed customers to buy illegal drugs using Bitcoin. As part of the bust, the government took 26,000 Bitcoins, or the equivalent of about $3.

CHART OF THE DAY: Bitcoin Collapses Following Silk Road Shutdown

Steve Kovach

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