Bitcoin falls over 6% to lowest in two weeks By Ritvik Carvalho 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.(Reporting by Ritvik Carvalho; additional reporting by Tom Wilson; editing by Dhara Ranasinghe and Karin Strohecker) First Published: 2021-02-26 09:59:26 Updated 2021-02-26 11:15:25
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