The cryptocurrency Bitcoin continued its fluctuations during the last 24 hours of trading, to suffer losses in the early hours of Sunday morning, March 17, as it fell by a value of nearly $4,000, below the $66,000 level again, after the fluctuations it witnessed in recent days since it reached its peak above $73,000.
The cryptocurrency fell by about $3,917, or 5.64%, over the past 24 hours, to $65,486 at 04:00 Dubai time on Sunday, March 17.
The Ether cryptocurrency also fell $150, or 4.07%, to $3,535.
Bitcoin's fluctuations come as investors seek to take profits, with some taking advantage of the currency's decline from its record high to buy.
Bitcoin jumped to an all-time high earlier this week, rising above $73,800 for the first time ever.
A raft of economic data weighed on Bitcoin's performance, with the US producer price index accelerating, raising doubts about the Fed's interest rate path.
The market reacted to the data by reducing its expectations for when the Fed will start cutting interest rates, with 60% of expectations indicating that it will start cutting in June, compared to 74% a week ago.
