The value of leading cryptocurrency Bitcoin tumbled 20 percent Monday, wiping out some of the huge gains racked up in recent weeks as financial markets became more cautious.

The virtual currency fell to $31,061.83 according to the Bloomberg financial news service, a level last seen in March 2020 as the coronavirus pandemic sparked panic around the world.

The cryptocurrency last week smashed record after record, at one point surging past $40,000.

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Tech shares also felt the fallout from last week’s US political upheaval after social media platforms pulled the plug on US President Donald Trump.

“Investors are hitting the pause button with the relentless buying of US stocks as big-tech’s actions following the mayhem at the Capitol drags sentiment down,” commented Edward Moya at the online brokerage Oanda.

Read more at i24NEWS.