News > Bitcoin Takes Breather After Retreat From Record Near $62,000

Bitcoin Takes Breather After Retreat From Record Near $62,000

Moneycontrol | 15/03/2021 01:10 PM | Click to read full article

Bitcoin consolidated around $60,000 on Monday, taking a breather from the weekend's record high as investors prepared for inflation worries and US stimulus spending to propel it even higher. 

The rally may have been dampened by a Reuters report that India would pursue a ban on digital assets, a rain cloud for bitcoin following high-profile endorsements this year from the likes of Tesla's Elon Musk, Twitter's Jack Dorsey, and investment giants Goldman Sachs and BlackRock.