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Home > Investing > Bitcoin slumps 10% as pullback from record continues

Bitcoin slumps 10% as pullback from record continues

Published by linker 5

Posted on January 21, 2021

1 min read

Last updated: January 21, 2026

Bitcoin cryptocurrency symbol with stock market graph showing decline - Global Banking & Finance Review — This image illustrates the Bitcoin symbol in front of a declining stock market graph, reflecting the recent 10% slump in Bitcoin's value as discussed in the article. The image captures the volatility of cryptocurrencies and their impact on global financial markets.

LONDON (Reuters) – Bitcoin slumped 10% on Thursday to a 10-day low of $31,977 as the world’s most popular cryptocurrency continued to retreat from the $42,000 record high hit on Jan. 8.

The pullback came amid growing concerns that bitcoin is one of a number of financial bubbles threatening the overall stability of global markets.

Fears that U.S. President Joe Biden’s administration could attempt to regulate cryptocurrencies have also weighed, traders said.

(Reporting by Julien Ponthus; editing by Tom Wilson)

Editorial & Advertiser disclosure

Home > Investing > Bitcoin slumps 10% as pullback from record continues

Investing

Bitcoin slumps 10% as pullback from record continues

Published by linker 5

Posted on January 21, 2021

1 min read

Last updated: January 21, 2026

LONDON (Reuters) – Bitcoin slumped 10% on Thursday to a 10-day low of $31,977 as the world’s most popular cryptocurrency continued to retreat from the $42,000 record high hit on Jan. 8.

The pullback came amid growing concerns that bitcoin is one of a number of financial bubbles threatening the overall stability of global markets.

Fears that U.S. President Joe Biden’s administration could attempt to regulate cryptocurrencies have also weighed, traders said.

(Reporting by Julien Ponthus; editing by Tom Wilson)

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