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Bitcoin Down for Third Day as Caution Washes Over Global Markets

  • Sentiment in retreat because of US-China tension over Taiwan
  • Largest token has fallen back after weekend run toward $25,000

A bout of jitters in global markets over deepening US-China tension weighed on cryptocurrencies, pushing Bitcoin lower for a third day. 

The largest digital token fell as much as 1.6% to $22,769 on Tuesday and was trading at $22,860 as of 2:57 p.m. in Tokyo. Ether at one point shed 3.7%, while smaller coins ranging from Polkadot to Cardano were also in the red.