Bitcoin falls over 6% to lowest in two weeks

Reuters2021-02-26

LONDON, Feb 26 (Reuters) - Bitcoin fell as much as 6% on Friday to its lowest in two weeks, as a rout in global bond markets sent yields flying and sparked a sell-off in riskier assets.

The world's biggest cryptocurrency slumped as low as $44,451 before recovering some of its losses. It was last trading down 1.3% at $46,588.

The sell-off echoed that in equity markets, where European stocks tumbled as much as 1.5%, with concerns over lofty valuations also hammering demand. Asian stocks fell by the most in nine months.

Bitcoin has risen about 60% from the start of the year, hitting an all-time high of $58,354 this month as mainstream companies such as Tesla Inc and Mastercard Inc embraced cryptocurrencies.

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Comments

  • PhilM
    2021-03-01
    PhilM
    Buy on dip!!
  • Fazz
    2021-03-01
    Fazz
    ?
  • Weilonglek
    2021-03-01
    Weilonglek
    For long term
  • 黑豹钻石拳
    2021-03-01
    黑豹钻石拳
    ?
  • Godchok
    2021-03-01
    Godchok
    Dip
  • wahpat
    2021-03-01
    wahpat
    Bet on it. Downside is little. But upside is fantastic, buy now thanks me later. This bitcoin is still a baby yet to see it's growthGive a like if agree. 
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