Bitcoin falls 7.03% to $20,969.32

Souvenir tokens representing cryptocurrency Bitcoin plunge into water in this illustration taken May 17, 2022. REUTERS/Dado Ruvic/Illustration
Bitcoin dropped 7.03 per cent to $20,969.32 at 20:04 GMT on Thursday, losing $1,585.95 from its previous close.
Bitcoin, the world's biggest and best-known cryptocurrency, was down 56.5 per cent from this year's high of $48,234 on March 28.
Ether, the coin linked to the ethereum blockchain network, dropped 10.71 per cent to $1,104.76 on Thursday, losing $132.47 from its previous close.