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

MG News | February 23, 2021 at 10:54 AM GMT+05:00

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February 23, 2021: 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

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Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	81,400.00	81,405.00 81,000.00	70.00 0.09%
BRENT CRUDE	103.37	105.00 101.92	-1.45 -1.38%
RICHARDS BAY COAL MONTHLY	130.00	0.00 0.00	5.00 4.00%
ROTTERDAM COAL MONTHLY	138.50	0.00 0.00	-0.15 -0.11%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
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SUGAR #11 WORLD	18.28	18.51 18.21	-0.04 -0.22%