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Cryptocurrencies selloff; Bitcoin down nearly 4%, ether 6%

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

Cryptocurrencies selloff; Bitcoin down nearly 4%, ether 6%
A selloff in cryptocurrencies widened on Tuesday, with bitcoin weakening nearly 4 percent while smaller rival ether fell more than 6 percent.
The world's biggest and best-known cryptocurrency weakened 4 percent to USD 50,516, having risen to a mid-May high above USD 52,000 earlier, in Asian trading.
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Ether, the coin linked to the ethereum blockchain network, fell more than 6 percent to USD 3,666.