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Bitcoin falls as much as 6% as it pulls back from record high

·1 min read

SINGAPORE, Feb 23 (Reuters) - Cryptocurrency bitcoin droppedas much as 6% in Asia trade on Tuesday and was trading around$52,000 as it pulls back from record highs following a long andsharp rally.

Bitcoin hit a low of $50,848 in the sessionfollowing a wild ride on Monday where it traded in a $10,000range. It's up nearly 90% from the year's low of $27,734.

Ether, the coin linked to the ethereumblockchain, also dropped more than 5% and last bought $1,707,down almost 17% from last week's record peak.(Reporting by Tom Westbrook.)