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Bitcoin crashes back to earth after roller-coaster ride: A bust or a buy?

The two main digital currencies, bitcoin and ether, fell as much as 30 per cent and 45 per cent respectively

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Bitcoin falls | cryptocurrency | cryptocurrencies

Reuters  |  NEW YORK/LONDON 

By Tommy Wilkes, Sujata Rao and Gertrude Chavez-Dreyfuss NEW YORK/LONDON (Reuters) -Cryptocurrencies that seemed to be defying gravity just weeks ago came back down to earth with a bump on Wednesday after a roller-coaster ride which could undermine their potential as mainstream investments. The two main digital currencies, bitcoin and ether, fell as much as 30% and 45% respectively, but significantly pared losses after two of their biggest backers - Tesla Inc chief Elon Musk and Ark Invest's Chief Executive Cathie Wood - indicated their support for bitcoin. While many ...

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First Published: Thu, May 20 2021. 06:56 IST
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