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Bitcoin slips below $60,000 on profit-taking
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economictimes.indiatimes.comBitcoin fell on Wednesday to its lowest level in 1-1/2 weeks, taking losses since hitting a record high last week to around 12% — though the digital currency is still on track for its best month since February. Bitcoin, the world's largest cryptocurrency, fell as much as 3.7% to $58,100, its lowest since Oct. 15. It has lost 12.1% since it hit an all-time high of $67,016 on Oct. 20. By 1413 GMT, bitcoin was trading down 2.3% at $58,965. Smaller coins such as ethereum and ripple which tend to move in tandem with bitcoin also fell between 3.5%-7%.
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In September, 2021 El Salvador became the first country in the world to make Bitcoin a legal tender
View Details »Bitcoin's losses were down to traders taking profit from
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