Bitcoin falls 8.6% to $32,540 – Reuters

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

(Reuters) – Bitcoin dipped 8.57% to $32,540.35 at 2011 GMT on Monday, losing $3,049.42 from its previous close.

Bitcoin, the world’s biggest and best-known cryptocurrency, is down 49.9% from the year’s high of $64,895.22 on April 14.

Ether, the coin linked to the ethereum blockchain network, dropped 13.13% to $1,948.23 on Monday, losing $294.37 from its previous close.

Reporting by Maria Ponnezhath in Bengaluru, Editing by Rosalba O’Brien