Bitcoin falls 4.5% to $26,916

FILE PHOTO A representation of bitcoin is seen in an illustration picture taken on June 23 2017. REUTERSBenoit Tessier

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.

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