Bitcoin Slips Below $60,000 for the First Time in More Than Two Weeks

Bitcoin Slips Below $60,000 for the First Time in More Than Two Weeks
A representation of the virtual cryptocurrency Bitcoin is seen in this picture illustration taken on Oct. 19, 2021. Edgar Su/Reuters
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Bitcoin, the world’s biggest and best-known cryptocurrency, slipped below $60,000 on Tuesday, taking losses from a record high of $69,000 struck on Nov. 10 to more than 12 percent.

Bitcoin was down 5 percent at $60,391.3 at 1253 GMT, after earlier falling as much as $58,563, its lowest since Oct. 28, while Ether, the second-biggest cryptocurrency by market value, was down 6.8 percent at $4,253.08.