Bitcoin (BTC) drops toward $60,000 as major cryptocurrencies plunge

A representations of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken May 19, 2021.

Dado Ruvic | Reuters

Bitcoin and other cryptocurrencies fell sharply on Tuesday retreating from near-record highs.

Bitcoin fell toward $60,000 during late morning trade Singapore time, according to CoinDesk data. It recovered…

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