Economy

Bitcoin falls as record-breaking rally loses steam…

Bitcoin is pulling back from its record highs. The cryptocurrency briefly dipped below $30,000 Monday, just two days after breaching that level…

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KEY POINTS

  • The price of bitcoin rallied to a fresh all-time high over the weekend, topping the $34,000 mark.
  • Bitcoin briefly slumped back below $30,000 Monday but has since pared losses slightly.
  • The cryptocurrency had a historic rally in 2020, advancing more than 300%.

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