The cryptocurrency’s value has dropped nearly four percent to $56,300, according to trading website CoinDesk.
The world’s most cryptocurrency has surged so far in 2019, hitting a phigh of $60,700 on March 13.
Bitcoin’s price had been as high as $59,000 at 1.29pm on Tuesday and had edged within touching distance of $60,000 last Friday.
But it has largely been on a downward spiral since then, rising slightly on rare occasions before falling sharply again.
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