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Bitcoin falls 8.5per cent to US$31,700

REUTERS: Bitcoin dipped 8.51per cent to US$31,699.83 at 22:04 GMT on Friday, losing US$2,937.27 from its previous close.

Bitcoin, the world's biggest and best-known cryptocurrency, is up 14.3per cent from the year's low of US$27,734 on Jan. 4.

Ether, the coin linked to the ethereum blockchain network, dropped 7.37 per cent to US$1,843.07 on Friday, losing US$146.56 from its previous close.

(Reporting by Maria Ponnezhath in Bengaluru; Editing by Chris Reese)

Source: Reuters

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