Bitcoin pulls back from brink of $50,000 By Reuters

Bitcoin pulls back from brink of $50,000
© Reuters. FILE PHOTO: A collection of bitcoin (virtual currency) tokens are displayed in this picture illustration

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.

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.

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