Bitcoin surges to record high, then suffers sharp retreat

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Bitcoin surged into record territory Tuesday, but didn’t stay there for long.

The No.1 crypto BTCUSD traded 8.2% lower Tuesday afternoon to around $62,175, retreating from a record high at $69,208.79 reached earlier in the day, according to Dow Jones Market Data.

Other major cryptos also fell Tuesday afternoon, with ether ETHUSD down 4.6%…

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