Bitcoin retreated from an eight-month high Tuesday in Asia after a dizzying rally that saw it surge more than 13% in four days.
The original cryptocurrency eased to around $85,500 in early Singapore trading from as high as $87,381 in the US session, still up around $10,000 from last week’s lows after crypto joined a broad rebound in risk assets including stocks. Bitcoin is back at late-January levels but remains well below its record of $126,000 set in October.
