Bitcoin last down 7.4% at $18,915


FILE PHOTO: Representations of cryptocurrency Bitcoin plunge into water in this illustration taken, May 23, 2022. REUTERS/Dado Ruvic/Illustration

(Reuters) - Bitcoin dropped 7.46% to $18,915.29 at 15:59 GMT on Saturday, losing $1,525.41 from its previous close.

Bitcoin, the world's biggest and best-known cryptocurrency, is down 60.8% from the year's high of $48,234 on March 28.

Ether, the coin linked to the ethereum blockchain network, dropped 8.84 % to $988.52 on Saturday, losing $95.9 from its previous close.

(Reporting by Sneha Bhowmik in Bengaluru, Editing by Franklin Paul)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

Hack that paralysed US healthcare turns up scrutiny on insurer
Tractor-trailers with no one aboard? The future is near for self-driving trucks on US roads
Microsoft CEO pledges RM8.10bil AI, cloud investment in Indonesia
Elon Musk’s trip to Beijing after India snub shows power of China
US Supreme Court rejects Musk appeal over social media posts that must be approved by Tesla
France's Thales could be tempted by some Atos defence assets, CFO says
France's Capgemini Q1 sales fall in slowing market
US man sent a 14-year-old girl nude photos on Snapchat
Microsoft to invest $1.7 billion in cloud, AI in Indonesia, CEO says
Deepfake of US principal’s voice is the latest case of AI being used for harm

Others Also Read