Bitcoin falls 8.6% to $32,540

FILE PHOTO: A representation of the virtual cryptocurrency Bitcoin can be seen in this image from June 14, 2021. REUTERS / Edgar Su / Illustration

(Reuters) – Bitcoin fell 8.57% to $ 32,540.35 around 2011 GMT on Monday, down $ 3,049.42 from its previous closing price.

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

Ether, the coin linked to the Ethereum blockchain network, fell 13.13% to $ 1,948.23 on Monday, down $ 294.37 from its previous closing price.

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

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