Leading cryptocurrencies retraced Wednesday, coinciding with the decline in stocks triggered by the downgrade of automobile-related shares. What Happened: Bitcoin steadily retreated during U.S. trading hours, falling as low as $62,770, a day after sailing to more than one-month highs. Whales offloaded billions of Bitcoins in the past 24 hours, locking in profits from the previous day’s highs. A similar downtrend was observed for Ethereum which fell below $2,600 in midday trading, only to consolidate in the higher $2,500 region for the rest of the day. Total cryptocurrency liquidations amounted…
