Bitcoin slides to lowest in two weeks

bitcoin

Bitcoin fell as much as 6% today to its lowest in two weeks, as a global markets saw yields flying and a sell-off in riskier assets.

Bitcoin fell as low as $44,451 before recovering some of its losses.

The sell-off reflected in equity markets, where stocks tumbled as much as 1.5% with concerns over lofty valuations also hammering demand.

Bitcoin has risen about 60% from the start of the year, hitting an all-time high of $58,354 this month as mainstream companies such as Tesla Inc and Mastercard Inc embraced cryptocurrencies.

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