Bitcoin extends retreat from record high to hit lowest in 20 days
Global Economy
28 February, 2021, 08:10 pm
Last modified: 28 February, 2021, 08:12 pm
The world's biggest and best-known cryptocurrency has risen as much as 70% 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
Representations of virtual currency Bitcoin are seen in this picture illustration Photo: REUTERS
Bitcoin fell to its lowest since Feb. 8 in thin on Sunday, down 3.7% 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% 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.
Comments
While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.