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2021.03.01 02:33 GMT+8

Bitcoin extends retreat from record high to hit lowest in 20 days

Updated 2021.03.01 02:33 GMT+8
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The world's biggest and best-known cryptocurrency, Bitcoin./Getty Images

Bitcoin fell to its lowest since Feb. 8 in thin trade on Sunday, down 3.7% from Friday's close as the pullback from a record high near $60,000 continued, Reuters reported.

The cryptocurrency has risen as much as 70% since the start of the year, hitting a record high of $58,354.14 one week ago amid increasing confidence that it will become a mainstream investment and payments vehicle.

(With input from agencies)

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