Bitcoin falls 7% to $35,431.15

Bitcoin dropped 7% to $35,431.15 at 20:02 GMT on Friday, losing $2,666.53 from its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is down 45.4% from the year’s high of $64,895.22 on April 14. Ether, the coin linked to the ethereum blockchain network, dipped 8.66 % to $2,165.68 on Friday, losing $205.45 from its previous close. Earlier during the week, Bitcoin rose 9.8% after Tesla Chief Executive Officer Elon Musk tweeted that the electric carmarker will resume allowing bitcoin transactions when miners who verify transactions use more renewable energy.

Published in The Express Tribune, June 20^h, 2021.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.