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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KSE100	167,743.27 253.65M	0.24% 396.43
ALLSHR	101,869.95 509.91M	0.28% 284.24
KSE30	51,324.08 59.89M	0.26% 131.01
KMI30	243,101.58 40.20M	0.56% 1358.78
KMIALLSHR	67,024.70 287.33M	0.48% 320.41
BKTi	48,212.75 26.13M	0.05% 24.86
OGTi	33,272.26 12.66M	1.89% 618.39

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	108,340.00	111,065.00 108,115.00	-3765.00 -3.36%
BRENT CRUDE	62.44	62.47 61.38	1.12 1.83%
RICHARDS BAY COAL MONTHLY	80.50	0.00 0.00	-1.10 -1.35%
ROTTERDAM COAL MONTHLY	92.75	0.00 0.00	0.00 0.00%
USD RBD PALM OLEIN	1,085.00	1,085.00 1,085.00	0.00 0.00%
CRUDE OIL - WTI	58.33	58.38 57.34	1.09 1.90%
SUGAR #11 WORLD	15.24	15.82 15.10	-0.48 -3.05%