Bitcoin Suffers Biggest Pullback This Year With Drop to 3.5-Month Low

Bitcoin slipped to 3.5-month lows early Monday, confirming the biggest price pullback of the current bull run. 

The top cryptocurrency printed a low of $42,212 during the Asian hours, the level last seen on Feb. 8, marking a 35% drop from the record high of $64,880 reached on April 14, according to CoinDesk 20 data. 

The bitcoin (BTC) price has seen four corrections from new price highs so far this year, out of which the latest 35% retreat is the biggest.

Chart analysts had warned of a pullback to $42,000 before a resumption of the broader bull run.