Bitcoin fizzled in Monday trading as the famously volatile cryptocurrency pulled back after a spectacular new-year rally. Prices fell as much as 17 per cent in the biggest drop since March before recovering. The losses are small in the context of Bitcoin’s broader rally, with a 50 per cent jump in December alone. After a parabolic 2020, the digital currency had started the new year with a bang, surging as high as US$34,000 and hitting all-time highs on Sunday. Bitcoin was down 7 per cent to US$31,227 as of 12:59 p.m. in London. “Today’s selloff is a reminder this is a relatively new asset, highly volatile, and still ... (full story)