Bitcoin's volatility is on display again in slide below $50,000

Bitcoin slid below $50,000, a level some analysts view as a key pivot for assessing the largest cryptocurrency’s outlook heading into 2022.

The token fell as much as 4.5% on Tuesday in Asia and was trading at about $49,100 as of 1:10 p.m. in Singapore. Second-largest coin Ether and the Bloomberg Galaxy Crypto Index were also in the red.

Investors have retreated from the most speculative corners of global markets of late, worried that an ebbing tide of central bank stimulus could spell trouble. Just how exposed Bitcoin and the wider crypto universe is to that risk is the subject of heated