Bitcoin slips on profit-taking but on track for biggest gain in 8 months

FILE PHOTO: Representations of the virtual currency Bitcoin stand on a motherboard in this picture illustration taken May 20, 2021. REUTERS/Dado Ruvic/File Photo

LONDON (Reuters) - Bitcoin fell on Wednesday to its lowest level in 1-1/2 weeks, taking losses since hitting a record high last week to around 12% - though the digital currency is still on track for its best month since February.

Bitcoin, the world's largest cryptocurrency, fell as much as 3.7% to $58,100, its lowest since Oct. 15. It has lost 12.1% since it hit an all-time high of $67,016 on Oct. 20.