Bitcoin Drops 6% to Less Than $55,000

Bitcoin fell more than 6% today, Monday, after rising to a record high of $58,354 the previous day, as selling in global stocks hampered risk appetite.

And the world’s most popular cryptocurrency rose over the weekend to record levels, nearly doubling in value since the start of the year. Its market value reached a trillion dollars on Friday.

And rival cryptocurrency Ethereum fell 7% to $ 1,798. Bitcoin was trading at $54,000.