Bitcoin falls 4.5% to $26,916


FILE PHOTO: A representation of bitcoin is seen in an illustration picture taken on June 23, 2017. REUTERS/Benoit Tessier

(Reuters) - Bitcoin dropped 4.5% to $26,916 at 20:07 GMT on Wednesday, losing $1,276 from its previous close.

Bitcoin, the world's biggest and best-known cryptocurrency, is down 7% from the year's high of $28,936 on March 22.

Ether, the coin linked to the ethereum blockchain network, dropped 4.67 % to $1,722.6 on Wednesday, losing $84.3 from its previous close.

(Reporting by Yana Gaur in Bengaluru; Editing by Shounak Dasgupta)

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

   

Next In Tech News

Xiaomi to make wireless audio products in India
Reliance's JioCinema signs content streaming deal with NBC Universal
Stop paying in crypto, Bali governor warns foreign tourists
Computex 2023: Nvidia's ACE creates characters with evolving personalities for unique gaming experiences
AI means everyone can now be a programmer, Nvidia chief says
US govt tries to claw back money so Jan 6 rioters don’t profit from online appeals
Nvidia, MediaTek partner on connected car technology
China cracks down on over a million social media posts, accounts
Ex-employee in SG misappropriated over 25,000 defective iPhones from firm, causing over RM23mil loss
OpenAI chief seeks to calm fears on job losses

Others Also Read