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Bitcoin drops over 5per cent to US$33,226.36

Bitcoin dropped 5.17per cent to US$33,226.36 on Thursday, losing US$1,810.87 from its previous close.

Bitcoin drops over 5per cent to US$33,226.36

FILE PHOTO: A representations of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken,May 19, 2021. REUTERS/Dado Ruvic/Illustration

REUTERS: Bitcoin dropped 5.17per cent to US$33,226.36 on Thursday, losing US$1,810.87 from its previous close.

The world's biggest and best-known cryptocurrency is down 48.8per cent from the year's high of US$64,895.22 hit on April 14.

Ether, the coin linked to the ethereum blockchain network, dropped 7.28per cent to US$2,110.53 on Thursday, losing US$165.81 from its previous close.

(Reporting by Vishal Vivek in Bengaluru; Editing by Ramakrishnan M.)

Source: Reuters

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