Business
Bitcoin records biggest one-day drop for almost two months – The Guardian
Fall comes amid warnings over speculation by novice investors in cryptocurrencies such as dogecoin
Bitcoin has posted its biggest one-day drop in almost two months, amid warnings that novice investors could suffer heavy losses from speculating in crypto assets such as meme coin dogecoin.
Bitcoin tumbled more than 11% on Sunday, dropping from about $62,000 (£45,000) to $55,000 its lowest level since the end of March. Last week, the cryptocurrency had hit fresh record highs at nearly $65,000.
Various reasons for the drop were cited, which followed a strong rally last week. Bitcoin had already weakened…
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