New Delhi, Feb. 27 -- Largest cryptocurrency Bitcoin fell over 5 per cent, reaching $83,740 during intra-day trading on Thursday, as cryptocurrency market is experiencing selling pressure.

Bitcoin has plunged nearly 20 per cent from its record high since Donald Trump's inauguration in January, as his aggressive approach toward both allies and geopolitical rivals unsettles investor confidence, amid ongoing concerns about high inflation. Additionally, the crypto market was rattled by a record-breaking hack of the Bybit exchange last week.

Bitcoin fell for a fourth consecutive day, dropping around 5.6 per cent to $83,744,bringing its decline of the period to around 13 per cent. That's the biggest four-day slump since August. Other tokens s...