Bitcoin cryptocurrency Crypto Ether Bitcoin

Bitcoin retreats 20% from record, joining risk-asset sell-off

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By Joanna Ossinger and Emily GraffeoBitcoin tumbled 20 per cent from the record high it notched earlier this month as a potentially worrisome new variant of the coronavirus spurred traders to dump risk assets across the globe.

The world’s largest cryptocurrency fell as much as 9 per cent to $53,552 on Friday. Ether, the second-largest digital currency, dropped more than 12 per cent, while the wider Bloomberg Galaxy Crypto Index declined as much as 7.7 per cent.

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