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Bitcoin falls 5per cent to US$37,507 on Bitstamp exchange

Bitcoin falls 5per cent to US$37,507 on Bitstamp exchange

FILE PHOTO: A representation of virtual currency bitcoin is seen in front of a stock graph in this illustration taken November 19, 2020. REUTERS/Dado Ruvic/Illustration/File Photo

TOKYO: Bitcoin fell more than 5per cent on Friday, a day after topping US$40,000 for the first time.

The world's most popular digital currency fell as low as US$36,750 on Bitstamp exchange, after reaching an all-time high of US$40,402.46 in the previous session.

Rival cryptocurrency Ethereum sank more than 10per cent to as low as US$1,087.

(Reporting by Kevin Buckland; Editing by Tom Hogue)

Source: Reuters

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