Bitcoin slumps 14 per cent as pullback from record gathers p

Bitcoin slumps 14 per cent as pullback from record gathers pace


The Globe and Mail
Radhika Anilkumar and Thyagaraju Adinarayan
Reuters
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Dado Ruvic/Reuters
Bitcoin , the world’s biggest cryptocurrency, fell as much as 14 per cent to US$51,541 on Sunday, reversing most of the big gains it made over the past week.
Bitcoin was last trading down 10 per cent at US$53,991 as of 1320 GMT, a whopping US$12,000 below record highs set on Wednesday. Smaller rival Ether , the coin linked to the ethereum blockchain network, dropped 10 per cent to US$2,101.

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