Article 5GR6W Bitcoin records biggest one-day drop for almost two months

Bitcoin records biggest one-day drop for almost two months

by
Graeme Wearden
from Technology | The Guardian on (#5GR6W)

Fall comes amid warnings over speculation by novice investors in cryptocurrencies such as dogecoin

Bitcoin has posted its biggest one-day drop in almost two months, amid warnings that novice investors could suffer heavy losses from speculating in crypto assets such as meme coin" dogecoin.

Bitcoin tumbled more than 11% on Sunday, dropping from about $62,000 (45,000) to $55,000 - its lowest level since the end of March. Last week, the cryptocurrency had hit fresh record highs at nearly $65,000.

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