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


FILE PHOTO: A collection of bitcoin (virtual currency) tokens are displayed in this picture illustration taken Dec. 8, 2017. REUTERS/Benoit Tessier/Illustration/File Photo

(Reuters) – 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.

The world’s biggest and best-known 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.

(The story refiles to adds dropped word in first paragraph).

Compiled by the Global Finance & Markets Breaking News team; Editing by David Clarke



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