Bitcoin Pulls Back to Three-Week Low After Record-Breaking July

Bitcoin declined for a fifth straight session as traders continue to pull back from the record highs reached in July during the euphoria around the US embrace of digital assets.

The original cryptocurrency touched the lowest level in three weeks, dropping as much as 2% to $114,128. On July 14, Bitcoin reached a record of $123,200 just days before Donald Trump signed the first US regulatory guidelines for crypto into law.