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Bitcoin falls 7.4% to US$32,094

FILE PHOTO: A representation of the virtual cryptocurrency Bitcoin is seen in this picture illustration taken June 14, 2021. REUTERS/Edgar Su/Illustration

26 Jun 2021 04:25AM (Updated: 26 Jun 2021 04:43AM)

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REUTERS: Bitcoin dropped 7.37per cent to US$32,094.44 on Friday (Jun 25), losing US$2,554.88 from its previous close.

Bitcoin, the world's biggest and best-known cryptocurrency, is down 50.5 per cent from the year's high of US$64,895.22 on Apr 14.

Ether, the coin linked to the ethereum blockchain network, dipped 6.97 per cent to US$1,850.91 on Friday, losing US$138.72 from its previous close.

Source: Reuters