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Bitcoin slips from record high of $61,000 as regulatory scrutiny mounts

The swings in price volatility have regulators concerned about bitcoin’s recent adoption by major institutional investors

Bitcoin has retreated from its all-time high of $61,000 over the weekend, edging down more than 8% in intra-day trading as investors took stock of the record.

The world’s largest cryptocurrency rose above $60,000 in value on 14 March to reach a high of $61,627, according to data from crypto exchange Bitstamp. Its total market value exceeded $1tn last month.

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