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Bitcoin drops most since September in broad retreat from records
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livemint.comCryptocurrencies fell on Tuesday, with Bitcoin briefly dipping below $60,000 and Ether touching its lowest level this month, in a broad-based retreat from recent record highs.
The largest digital token whipsawed traders, dipping as much as 8.2% before cutting the decline by around half. The slide to $58,661 was the biggest intraday drop since Sept. 24. Second-ranked Ether tumbled more than 10% before also paring losses. Global crypto market cap has dropped some 10% in the past 24 hours to $2.7 trillion, according tracker CoinGecko.
“After several days of gains, which saw Bitcoin hover near its all-time high as many other altcoins managed to reach new highs, we are seeing a significant pullback," said Walid Koudmani, an analyst at XTB
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