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Bitcoin slumps 10% as pullback from record continues
Bitcoin slumped 10% on Thursday to a 10-day low, retreating further from record highs, with traders citing fears of tighter U.S. regulation. The world’s most popular cryptocurrency Bitcoin was last down 7.5% at $32,779 after falling as low as $31,977. It has lost nearly a quarter since touching a record $42,000 on Jan. 8. The pullback comes amid growing concerns that bitcoin is one of a number of financial market price bubbles. Fears that U.S. President Joe Biden’s administration could attempt to regulate cryptocurrencies have also weighed on sentiment, traders said. During a Senate hearing on Tuesday Janet ... (full story)
