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Bitcoin Slumps Below $50000 as Caution Sweeps Over Crypto Rally

Bitcoin Slumps Below $50,000 as Caution Sweeps Over Crypto Rally

(Bloomberg) — Bitcoin slid Tuesday after a bout of volatility highlighted lingering doubts about the durability of the token’s mesmerizing rally.The cryptocurrency fell as much as 12.5% to $48,071 and was trading below $50,000 as of 8:16 a.m. in London. At one point Monday it plunged 17% before paring the slide.