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Bitcoin Extends Downtrend, Drops 12.1% to 47,176 USD

FILE PHOTO: The illustration shows a representation of the cryptocurrency Bitcoin
FILE PHOTO: A representation of the cryptocurrency Bitcoin is seen in this illustration taken November 29, 2021. REUTERS/Dado Ruvic/Illustration

December 4, 2021

(Reuters) – Bitcoin fell 12.14% to $47,776.09 on Saturday, a loss of $6,567.6 from its previous close.

Bitcoin, the world’s largest and most popular cryptocurrency, is down 31.6% from the year high of $69,000 reached on November 10.

Ether, a coin linked to the ethereum blockchain network, fell 10.14% to $3,794.61 on Saturday, a loss of $428.19 from its previous close.

(Reporting by Maria Ponnezhath in Bengaluru; Editing by Shri Navaratnam)

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Bobby Allyn

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