Bitcoin surges to record high, then suffers sharp retreat

Bitcoin surged into record territory Tuesday, but didn’t stay there for long. The No.1 crypto BTCUSD, +0.18%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, -0.30%down 4.6% to around $3,410, according to Dow Jones Market Data. Binance Coin dropped 8.8%, Solana SOLUSD, +0.77%declined 7.3% and XRP XRPUSD, +0.21%s