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Bitcoin slides 6 percent to below $55,000

Bitcoin fell more than 6 percent on Monday after surging to a record $58,354 a day earlier, as a selloff in global equities curbed risk appetite.

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The most popular cryptocurrency surged over the weekend to record levels, almost doubling year-to-date. It hit a market capitalization of $1 trillion on Friday.

Rival cryptocurrency ether fell 7 percent to $1,798. Bitcoin was trading at $54,000 as of 1011 GMT.

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Elon Musk says Bitcoin prices ‘seem high’ after record week

Bitcoin steams to new record and nears $1 trillion market cap

Bitcoin’s record price unsustainable unless price swings cool down, says JPMorgan



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