Bitcoin’s Fizzling 2021 Returns Start to Lag Mainstream Assets

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The returns from Bitcoin this year are sliding below traditional assets as cryptocurrencies struggle to claw back ground lost in a rout in May.

The largest token tumbled almost 6% at one point in Asian trading Tuesday and was at a two-week low of about $33,000 as of 1:07 p.m. in Hong Kong. The wider Bloomberg Galaxy Crypto Index fell as much as 10%.

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