World's most popular crypto Bitcoin declines over 6% to lowest in two weeks

Topics cryptocurrency | Bitcoin | Markets


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.

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