![The cryptocurrency is off nearly 20% from its March 2024 high [File]](https://www.thehindu.com/theme/images/th-online/1x1_spacer.png "The cryptocurrency is off nearly 20% from its March 2024 high [File]")
The cryptocurrency is off nearly 20% from its March 2024 high [File]
| Photo Credit: REUTERS
Bitcoin fell on Sunday, continuing a selloff in the world’s largest cryptocurrency by market capitalisation. The cryptocurrency was recently down around 5.1% at $59,357 after falling the previous day.
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Crypto markets have gotten a boost this year after the U.S. Securities and Exchange Commission approved an exchange-traded fund to track the spot price of Bitcoin and Ether.
More recently, however, Bitcoin has fallen alongside other assets including global equities in a broad selloff. The cryptocurrency is off nearly 20% from its March 2024 high.