Overall, the world’s largest and most popular cryptocurrency fell 16.2% from its annual high of $73,794, set on March 14.
The price of the most popular cryptocurrency Bitcoin fell 7.9% to $61,842 per coin, Reuters reports.
As of 9:00 pm on Saturday, April 13, Bitcoin had lost $5,308 from its previous close.
Overall, the world’s largest and most popular cryptocurrency fell 16.2% from its annual high of $73,794, set on March 14.
Meanwhile, Ether, a coin linked to the Ethereum blockchain network, fell 9.18% to $2,930 on Saturday, losing $296.1 from its previous close.
Let’s remember that in January the United States took an important step towards legalizing Bitcoin. The SEC allowed fund industry heavyweights BlackRock, Invesco and Fidelity to compete with smaller rivals including Valkyrie to begin trading. After that, the price of the cryptocurrency began to rise rapidly.
Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.