Sunday 14 February 2021

Bitcoin pulls back from brink of $50,000




SINGAPORE, Feb 15 (Reuters) - Cryptocurrencies slid duringAsian trading hours on Monday, with bitcoin dropping more than5%, as investors took profits from a record-breaking rally.

Bitcoin fell as much as 5.6% to $45,914 and rivalcryptocurrency ethereum dropped more than 8% to $1,655.Both had hit record highs in recent days as the asset classgains more mainstream acceptance.(Reporting by Tom Westbrook; Editing by Kim Coghill)

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