Bitcoin Retreats After Weekend Rally to Record of Nearly $50,000
A collection of bitcoin, litecoin and ethereum tokens sit in this arranged photograph in Danbury, U.K. (Photographer: Chris Ratcliffe/Bloomberg)

Bitcoin Retreats After Weekend Rally to Record of Nearly $50,000

Bitcoin slid on Monday after a weekend rally that took the largest cryptocurrency to an all-time high of almost $50,000.

Bitcoin Retreats After Weekend Rally to Record of Nearly $50,000

The digital token dropped as much as 6.1% to $45,893, paring its advance so far this year to about 60%. Signs that the financial industry may widen its embrace of Bitcoin fueled the weekend jump.

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