Bitcoin falls as much as 6% as it pulls back from record high

Reuters | Singapore | Updated: 23-02-2021 14:21 IST | Created: 23-02-2021 08:56 IST
Bitcoin falls as much as 6% as it pulls back from record high
Representative image Image Credit: Pixabay

Cryptocurrency bitcoin dropped as much as 6% in Asia trade on Tuesday and was trading around $52,000 as it pulls back from record highs following a long and sharp rally.

Bitcoin hit a low of $50,848 in the session following a wild ride on Monday where it traded in a $10,000 range. It's up nearly 90% from the year's low of $27,734.

Ether, the coin linked to the ethereum blockchain, also dropped more than 5% and last bought $1,707, down almost 17% from last week's record peak.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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