Bitcoin prices drop as much as 3.2 per cent to US$66,604 on Tuesday, before paring the decline

Bitcoin extended a four-week slide as investors returned to a more cautious macro backdrop.

The token dropped as much as 3.2 per cent to US$66,604 on Tuesday, before paring the decline.

Bitcoin, which has traded like a high-beta tech proxy in recent months, mirrored an earlier move lower in US equities, but failed to keep pace when stocks edged higher.

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