UPDATE 1-Bitcoin battles for support at $50,000
Bitcoin briefly drops 10% to $48,575; ether drops 14% * Pullback follows record high weekend peaks (Updates prices, adds analyst quotes and background) SINGAPORE, Feb 23 (Reuters) – Bitcoin dropped below $50,000 on Tuesday, as investors began to get a little nervous about the digital currency’s lofty valuation and some leveraged players took profit.
