Bitcoin extends retreat from record high to hit lowest in 20 days

The world's biggest and best-known cryptocurrency has risen as much as 70% since the start of the year

  
Image used for illustrative purpose. Bitcoin.com buttons are seen displayed on the floor of the Consensus 2018 blockchain technology conference in New York City, New York, U.S., May 16, 2018.

Image used for illustrative purpose. Bitcoin.com buttons are seen displayed on the floor of the Consensus 2018 blockchain technology conference in New York City, New York, U.S., May 16, 2018.

REUTERS/Mike Segar

Bitcoin fell to its lowest since Feb. 8 in thin trade on Sunday, down 3.7% from Friday's close as the pullback from a record high near $60,000 continued..

The world's biggest and best-known cryptocurrency has risen as much as 70% since the start of the year, hitting a record high of $58,354.14 one week ago amid increasing confidence that it will become a mainstream investment and payments vehicle.

(Compiled by the Global Finance & Markets Breaking News team; Editing by David Clarke) ((alden. bentley@thomsonreuters.com; 646-281-6041;))

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