Bitcoin extends downtrend, falls 12.1% to US$47,176
FILE PHOTO: Representation of cryptocurrency Bitcoin is seen in this illustration taken November 29, 2021. REUTERS/Dado Ruvic/Illustration
Bitcoin dived 12.14per cent to US$47,176.09 on Saturday, losing US$6,567.6 from its previous close.
Bitcoin, the world's biggest and best-known cryptocurrency, is down 31.6per cent from the year's high of US$69,000 reached on Nov. 10.
Ether, the coin linked to the ethereum blockchain network, dropped 10.14 per cent to US$3,794.61 on Saturday, losing US$428.19 from its previous close.
Source: Reuters
