NEW YORK, Feb 22 (Reuters) - Bitcoin dropped
below $50,000 on Monday, hitting its lowest level since
mid-February, as investors worried that its price may have
gotten too high, too fast.
The world's largest cryptocurrency in terms of volume fell
to as low as $47,400, its weakest in one week. At one
point, it lost nearly 17% of its value, or about $160 billion
from its total market capitalization.
Bitcoin was last dow 12.3% at $50,495.
(Reporting by Gertrude Chavez-Dreyfuss)