Bitcoin Falls With Record-Breaking Year Beginning to Wind Down
- MicroStrategy seeks to increase stock authorization amount
- Largest cryptocurrency reached a reach high this month
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Bitcoin retreated for the first time in three days as traders begin to reduce their risk exposure with this year’s record-breaking rally drawing to a close.
The oldest cryptocurrency fell as much as 3.4% to $95,110 in New York on Thursday. It reached a record of more than $108,000 on Dec. 17. A broader gauge of cryptocurrencies comprising smaller tokens including Ether, Solana and meme-coin favorite Dogecoin was down around 3.5%.