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Bitcoin extends downtrend, falls 12.1% to $47,176

Representation of cryptocurrency Bitcoin is seen in this illustration taken November 29, 2021. REUTERS/Dado Ruvic/Illustration

Dec 4 (Reuters) – Bitcoin dived 12.14% to $47,176.09 on Saturday, losing $6,567.6 from its previous close.

Bitcoin, the world’s biggest and best-known cryptocurrency, is down 31.6% from the year’s high of $69,000 reached on Nov. 10.

Ether , the coin linked to the ethereum blockchain network, dropped 10.14 % to $3,794.61 on Saturday, losing $428.19 from its previous close.

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Reporting by Maria Ponnezhath in Bengaluru
Editing by Shri Navaratnam

Our Standards: The Thomson Reuters Trust Principles.

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