Bitcoin retreats from five-month high in Asia trading


Source: capital.com capital.com

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Bitcoin slipped back slightly in Asian trading after hitting a near five-month high of $57,755 in US hours on Monday. As of midday Hong Kong time, bitcoin had dropped to $56,880 but is still up nearly 16% over the last seven days, according to data from CoinMarketCap.Com , meaning the leading digital token retained a market capitalisation above the $1trn mark. This is still some way short of bitcoin’s all-time high of $64,863, which it reached on 14 April. Mixed trading for other coins The strong performance of bitcoin so far this week was not reflected uniformly across the other...