Bitcoin falls 6% to below $55,000

bitcoin

Bitcoin shrank more than 6% on Monday after surging to a record $58,354 a day earlier, as a selloff in global equities curbed risk appetite.

The most popular cryptocurrency surged over the weekend to record levels, almost doubling year-to-date.

Bitcoin hit a market capitalisation of $1 trillion on Friday.

Rival cryptocurrency ether fell 7% to $1,798.

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