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Bitcoin plummets more than 10% in its biggest drop in months, just days after reaching a record high
Bitcoin plummets more than 10% in its biggest drop in months, just days after reaching a record high
Zahra TayebApr 18, 2021, 19:31 IST
Bitcoin climbed on Thursday morningSOPA Images/Getty Images
Bitcoin slipped 10.8% in the 24 hours to Sunday morning.
It was the biggest single-day drop since February, Bloomberg reported.
Reports attributed the drop to speculation the US Treasury may scrutinize digital currencies closer.
Bitcoin tumbled to its biggest single-day drop since February over Saturday, just days after reaching a record high, Bloomberg reported.
Bitcoin fell 10.8% in the 24 hours to Saturday 7am ET, from $61,396 to $54,750. At one point, it reached a low of $51,300 after it dropped more than $7,000 in a single hour, before partially recovering.