Bitcoin plunged as much as 18%, to $45,000, on Tuesday before slightly paring some losses as sky-high cryptocurrency valuations unnerved investors.
The cryptocurrency traded 13% lower, at $47,608.24, as of 11:45 p.m. in New York.
Bitcoin has soared in 2021, with the price more than doubling this year to reach a record $58,350.41. Increased interest from big companies such as Tesla, as well as record amounts of stimulus, have powered the rally.
Yet investors…
Source link
