{"id":108237,"date":"2021-02-28T19:40:41","date_gmt":"2021-02-28T19:40:41","guid":{"rendered":"https:\/\/fin2me.com\/?p=108237"},"modified":"2021-02-28T19:40:41","modified_gmt":"2021-02-28T19:40:41","slug":"bitcoin-extends-retreat-from-record-high-to-hit-lowest-in-20-days","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/bitcoin-extends-retreat-from-record-high-to-hit-lowest-in-20-days\/","title":{"rendered":"Bitcoin extends retreat from record high to hit lowest in 20 days"},"content":{"rendered":"<figcaption>FILE PHOTO: Representation of the virtual currency Bitcoin is seen on a motherboard in this picture illustration taken April 24, 2020. REUTERS\/Dado Ruvic\/Illustration\/File Photo<\/figcaption><p>(Reuters) &#8211; Bitcoin dropped 6.39% to $43,165.78 on Sunday, losing $2,944.20 from its previous close.<\/p>\n<p>Bitcoin, the world\u2019s biggest and best-known cryptocurrency, has fallen 26% from the year\u2019s high of $58,354.14 on Feb. 21 when it soared amid increasing confidence that it will become a mainstream investment and payments vehicle.<\/p>\n<p>Major firms such as BNY Mellon, asset manager BlackRock Inc and credit card giant Mastercard Inc have backed cryptocurrencies. Tesla Inc, Square Inc and MicroStrategy Inc have invested in bitcoin.<\/p>\n<p>Ether, the coin linked to the ethereum blockchain network, dropped 8.88% to $1,329.46 on Sunday, losing $129.57 from its previous close.<\/p>\n<p>Source: <a href=\"https:\/\/www.reuters.com\/article\/crypto-currency\/update-1-bitcoin-extends-retreat-from-record-high-to-hit-lowest-in-20-days-idUSL2N2KY0G6\" target=\"_blank\" rel=\"noopener noreferrer\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FILE PHOTO: Representation of the virtual currency Bitcoin is seen on a motherboard in this picture illustration taken April 24, 2020. REUTERS\/Dado Ruvic\/Illustration\/File Photo(Reuters) &#8211; [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":108236,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin extends retreat from record high to hit lowest in 20 days - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/bitcoin-extends-retreat-from-record-high-to-hit-lowest-in-20-days\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin extends retreat from record high to hit lowest in 20 days - Fin2me\" \/>\n<meta property=\"og:description\" content=\"FILE PHOTO: Representation of the virtual currency Bitcoin is seen on a motherboard in this picture illustration taken April 24, 2020. 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