Bitcoin fell on Sunday, continuing a selloff in the world’s largest cryptocurrency by market capitalisation. The cryptocurrency was recently down around 5.1% at $59,357 after falling the previous day.
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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.
