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

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

File photo

Singapore, February 23

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. Reuters

Top Stories

Covaxin 81 per cent efficient in Phase 3 trials, says Bharat Biotech

Covaxin 81 per cent efficient in Phase 3 trials, says Bharat Biotech

‘It also demonstrates significant immunogenicity against rap...

SC says dissent can't be termed seditious, junks plea against Farooq Abdullah

SC says dissent can't be termed seditious, junks plea against Farooq Abdullah

Plea alleged that the former chief minister is trying to “ha...

IT Department raids Taapsee Pannu, Anurag Kashyap, others in tax evasion probe

IT Department raids Taapsee Pannu, Anurag Kashyap, others in tax evasion probe

Searches carried out across 30 locations in Mumbai and Pune,...

UK MPs to debate press freedom, safety of protesters in India next week

UK MPs to debate press freedom, safety of protesters in India next week

Move comes in response to an e-petition which had crossed th...

AAP sweeps MCD bypolls, says results an indication ahead of 2022 election

AAP sweeps MCD bypolls, says results an indication ahead of 2022 election

While the results have been a shot in the arm for AAP ahead ...

Cities

View All