Bitcoin tumbles below $50,000 amid global sell-off
Cryptocurrency tanks as much 18% to reach near $48,750 in New York
23 February 2021 - 18:58
New York — Bitcoin’s losses accelerated, with prices tumbling below $50,000, as investors started to bail on the market’s frothiest assets.
The cryptocurrency tanked as much 18% on Tuesday and traded near $48,750 in New York. While the sell-off puts Bitcoin prices at the lowest in only about two weeks, investors are starting to wonder whether it marks the start of a bigger retreat from crypto or simply represents volatility in an unpredictable market...
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