Bitcoin Retreats After Setting Fifth Record High in Seven Days
- Cryptocurrency has rallied about 65% so far this year
- Memecoin frenzy continues with WIF hitting a new record high
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Bitcoin declined after setting a record high for the fifth time in seven days, dropping below $70,000, with investors pulling back from riskier assets across financial markets.
The oldest cryptocurrency fell as much as 6.3% to $68,549, after earlier climbing to an all-time high of $73,797. Other tokens such as Ether, Avalanche and Litecoin also fell.