Cryptocurrencies selloff widens: Bitcoin down nearly 4pc, ether 6pc

The world's biggest and best-known cryptocurrency weakened 4pc to $50,516

LONDON: A selloff in cryptocurrencies widened on Tuesday, with bitcoin weakening nearly 4 per cent while smaller rival ether fell more than 6pc.

The world’s biggest and best-known cryptocurrency weakened 4pc to $50,516, having risen to a mid-May high above $52,000 earlier, in Asian trading.

Bitcoin jumps above $50,000 for first time since May

Ether, the coin linked to the ethereum blockchain network, fell more than 6pc to $3,666.

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