(Reuters) – Bitcoin fell 6.39% to $ 43,165.78 on Sunday, losing $ 2,944.20 from its previous close.
Bitcoin, the world’s largest and most well-known cryptocurrency, fell 26% from its annual high of $ 58,354.14 on February 21 when it soared amid growing confidence that it would become a common investment and payment tool. word.
Major companies such as BNY Mellon, asset manager BlackRock Inc and credit card giant Mastercard Inc have backed cryptocurrencies. Tesla Inc, Square Inc and MicroStrategy Inc have invested in bitcoin.
Ether, the currency linked to the ethereum blockchain network, fell 8.88% to $ 1,329.46 on Sunday, losing $ 129.57 since closing earlier.
Reporting by Juby Babu in Bengaluru; Edited by Lisa Shumaker