Bitcoin slumps more than 5% in volatile trade
Bitcoin fell 5.6% against the dollar on Tuesday, after hitting a record high earlier in the day.
The world’s most popular cryptocurrency was last down 4.1% at $18,880 as of 1241 GMT in a volatile trading session.
Bitcoin has gained 165% this year, fuelled by demand for riskier assets amid unprecedented fiscal and monetary stimulus, hunger for assets perceived as resistant to inflation, and expectations that cryptocurrencies will win mainstream acceptance.
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