Bitcoin extends retreat from record high to hit lowest in 20 days

Reuters

Posted at Mar 01 2021 08:33 AM

A collection of Bitcoin (virtual currency) tokens are displayed in this picture illustration taken Dec. 8, 2017. Benoit Tessier, Reuters/Illustration/File Photo/File Photo

Bitcoin fell to its lowest since Feb. 8 in thin trade on Sunday, down 3.7 percent from Friday's close as the pullback from a record high near $60,000 continued.

The world's biggest and best-known cryptocurrency has risen as much as 70 percent since the start of the year, hitting a record high of $58,354.14 one week ago amid increasing confidence that it will become a mainstream investment and payments vehicle. 

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