Bitcoin pulls back from brink of $50,000, crypo dropped more than 5%
Bitcoin fell as much as 5.6% to $45,914 and rival cryptocurrency ethereum dropped more than 8% to $1,655
 "Bitcoin")
Bitcoin. Photo: Bloomberg
SINGAPORE (Reuters) - Cryptocurrencies slid during Asian trading hours on Monday, with bitcoin dropping more than 5%, as investors took profits from a record-breaking rally.
Bitcoin fell as much as 5.6% to $45,914 and rival cryptocurrency ethereum dropped more than 8% to $1,655. Both had hit record highs in recent days as the asset class gains more mainstream acceptance.
(Reporting by Tom Westbrook; Editing by Kim Coghill)
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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First Published: Feb 15 2021 | 8:28 AM IST