LONDON (UK) – Bitcoin drops to more than 6% on Monday as a selloff in global equities curbed risk appetite, after surging to a record $58,354 a day earlier.
The most popular cryptocurrency peaked over the weekend to record highs, almost doubling year-to-date. It hit a market capitalisation of $1 trillion on Friday.
Rival cryptocurrency ether fell 7% to $1,798. Bitcoin was trading at $54,000 as of 1011 GMT.
