Bitcoin Tumbles to $63K in Quick Retreat From All-Time High

Bitcoin Tumbles to K in Quick Retreat From All-Time High
Bitcoin, the world’s largest cryptocurrency by market capitalization, suffered its biggest price pullback in almost a month in a sharp retreat just a day after reaching a new all-time high price near $67,000.The bitcoin price skidded 6% over the past 24 hours in digital-asset markets and was changing hands around $63,000 as of 17:07 UTC (1:07 p.m. ET) on Thursday.The record high on Wednesday came as the ProShares futures-focused Bitcoin Strategy Exchange-Traded Fund (NYSE: BITO) started trading on the New York Stock Exchange this week. That launch brought in $570 million of assets and garnered $1 billion of trading volume…