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 file highs following a protracted and sharp rally.
Bitcoin hit a low of $50,848 within the session following a wild journey on Monday the place it traded in a $10,000 vary. It’s up practically 90% from the yr’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 file peak. (Reporting by Tom Westbrook.)