Bitcoin tumbles around 5%

(Reuters) -Bitcoin fell on Sunday, continuing a selloff in the world's largest cryptocurrency.

The cryptocurrency was recently down around 5.1% at $59,357 after falling the previous day.



Crypto markets have gotten a boost this year after the U.S. Securities and Exchange Commission approved an exchange-traded fund to track the spot price of bitcoin and ether.

More recently, however, bitcoin has fallen alongside other assets including global equities in a broad selloff. The cryptocurrency is off nearly 20% from its March 2024 high.

Source: Investing.com