Bitcoin Snaps Five-Day Rally After Flirting With Record High
- World’s largest cryptocurrency declined 1.1% on Friday
- The digital token is still up nearly tenfold in the past year
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Bitcoin declined for the first time in six trading sessions alongside a broader easing of risk-on sentiment in financial markets.
The world’s largest cryptocurrency slipped 1.1% Friday to trade at $56,965 at 5:00 p.m. in New York. On Thursday, the token climbed within $200 of the all-time high of $58,350 set on Feb. 21. The Bloomberg Galaxy Crypto Index, tracking Bitcoin, Ether and three other cryptocurrencies slumped 2.5%