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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KSE30	47,678.47 206.79M	-0.08% -35.92
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Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	116,655.00	117,685.00 116,465.00	-435.00 -0.37%
BRENT CRUDE	67.85	68.59 67.79	-0.62 -0.91%
RICHARDS BAY COAL MONTHLY	84.00	0.00 0.00	-0.40 -0.47%
ROTTERDAM COAL MONTHLY	93.35	0.00 0.00	0.00 0.00%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
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SUGAR #11 WORLD	16.41	16.59 16.39	-0.15 -0.91%