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Bitcoin falls 8.9per cent to US$34,156

Bitcoin fell by 8.9per cent to US$34,156 at 1000 GMT on Sunday, losing US$3,344.54 from its previous close.

Crypto currency ATM machine is pictured in a shop in Union City
FILE PHOTO: The Bitcoin logo is pictured on a crypto currency ATM machine in a shop in Union City, New Jersey, U.S., May 19, 2021. REUTERS/Mike Segar
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REUTERS: Bitcoin fell by 8.9per cent to US$34,156 at 1000 GMT on Sunday, losing US$3,344.54 from its previous close.

Bitcoin, the world's biggest and best-known cryptocurrency, is down 47.4per cent from this year's peak of US$64,895.22 on April 14.

Ether, the coin linked to the ethereum blockchain network, dropped 11.5per cent to US$2,031.96 on Sunday, down US$264.35 from its previous close.

(Reporting by Maria Ponnezhath in Bengaluru; Editing by David Goodman)

Source: Reuters