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Bitcoin battles for support at $50000

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

SINGAPORE (Reuters) – Cryptocurrency bitcoin dropped as much as 6% in Asia trade on Tuesday and was trading around $52,000 as it pulls back from record highs following a long and sharp rally. Bitcoin hit a low of $50,848 in the session following a wild ride on Monday where it traded in a $10,000 range.