Bitcoin falls 8.1% from its peak in last 24 hours
Bitcoin retreated from its record high of more than $73,000 as the market witnessed a selloff and higher-than-predicted US inflation data signalled that interest rates might stay high.
Crude palm oil prices fell 0.51 per cent to Rs 564.30 per 10 kg in futures trade on Monday as traders booked profits amid fall in demand at the spot market.
Besides, sufficient stocks position following higher supplies from the producing belts, fuelled the downtrend.
In futures trading at the Multi Commodity Exchange, crude palm oil for delivery this month eased by Rs 2.90, or 0.51 per cent, to Rs 564.30 per 10 kg, in a business turnover of 111 lots.
On similar lines, the oil for delivery in January traded lower by Rs 2.50, or 0.44 per cent, to Rs 564.30 per 10 kg in 101 lots.
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Analysts said, besides profit-booking by speculators at prevailing higher levels, fall in demand at the spot market mainly weighed on crude palm oil prices.
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