Bitcoin falls 6.1 percent to $47,607

December 29, 2021 - 8:59 AM
1921
A representation of the virtual cryptocurrency Bitcoin is seen in this picture illustration taken October 19, 2021. (Reuters/Edgar Su/File Photo)

Bitcoin dropped 6.13% to $47,606.92 on Tuesday, losing $3,111.19 from its previous close.

Bitcoin, the world’s biggest and best-known cryptocurrency, is down 31% from the year’s high of $69,000 on Nov. 10.

Ether, the coin linked to the ethereum blockchain network, dropped 5.57 % to $3,812.6 on Tuesday, losing $224.8 from its previous close. —Reporting by Maria Ponnezhath in Bengaluru Editing by Chris Reese