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Bitcoin tumbles 5.5% to $53,436

Bitcoin plunged 5.5% to $53,435.9 at 22:04 GMT on Friday, losing $3,112.06 from its previous close.

Photo: Bloomberg

Photo: Bloomberg

Reuters

Bitcoin plunged 5.5% to $53,435.9 at 22:04 GMT on Friday, losing $3,112.06 from its previous close.

Bitcoin, the world's biggest and best-known cryptocurrency, is down 22.6% from the year's high of $69,000 on Nov. 10.

Ether, the coin linked to the ethereum blockchain network, dropped 6.81% to $4,208.68 on Friday, losing $307.35 from its previous close.

 

(Reporting by Shivani Tanna in Bengaluru; Editing by Anil D'Silva)

 

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Dec 04 2021 | 8:28 AM IST

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