Bitcoin slumped to its lowest price in weeks Tuesday, as the world’s largest cryptocurrency’s all-time high achieved last week looks to be fleeting.
Bitcoin fell 7% to below $63,000 by 2 p.m. Greenwich Mean Time (10 a.m. EDT), the time zone typically used for cryptocurrencies as the digital assets are traded constantly.
Other cryptocurrencies have similarly slumped, and prices of the next three largest digital assets – ether, Solana and Binance coin – are down more than 7% apiece over the last 24 hours.