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

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SINGAPORE, Feb 23 (Reuters) – Cryptocurrency bitcoin dropped as a lot as 6% in Asia commerce on Tuesday and was buying and selling round $52,000 because it pulls again from report highs following a protracted and sharp rally.

Bitcoin hit a low of $50,848 within the session following a wild experience on Monday the place it traded in a $10,000 vary. It’s up practically 90% from the 12 months’s low of $27,734.

Ether, the coin linked to the ethereum blockchain, additionally dropped greater than 5% and final purchased $1,707, down virtually 17% from final week’s report peak. (Reporting by Tom Westbrook.)



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