Reuters
- Bitcoin plummeted as much as 6% on Monday, representing the deepest drop in the crypto asset in nearly a month.
- The decline comes after Bitcoin rocketed to record highs above $24,200 as adoption among institutional investors and companies like Square, and PayPal increases.
- A reported hack at the hardware wallet firm Ledger as well as the US Treasury’s proposed rules that would reign in the cryptocurrency likely weighed on investor sentiment.
- Watch bitcoin trade live here.
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