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Bitcoin slumps 6 pct as new coronavirus strain upsets wider markets

Published: Updated:

Bitcoin dropped as much as 6 percent on Monday, with fears over a fast-spreading new coronavirus strain in Britain hitting assets across wider markets.

The cryptocurrency was last down 5.1 percent at $22,290 after hitting a record $24,299.75 on Sunday.

Bitcoin passed the $20,000 milestone for the first time last week, amid surging interest from larger investors.

Read more: With Bitcoin at its highest levels in three years, is now the time to invest?