Bitcoin falls 5.2% to $33,849, Ether down 6.3%
Mon May 31 2021
Mark Cooper (2755 articles)

Bitcoin falls 5.2% to $33,849, Ether down 6.3%

Bitcoin dipped 5.16% to $33,849.47 at 18:00 GMT on Saturday, losing $1,842.99 from its previous close.

Ether , the coin linked to the ethereum blockchain network, dropped 6.26% to $2,262.06 on Saturday, losing $151.11 from its previous close.

Bitcoin, the world’s biggest and best-known cryptocurrency, is down 47.8% from the year’s high of $64,895.22 on April 14.

It has been less volatile in the past week but losses this month have been heavy at 38%, driven by growing regulatory pressures on the sector. It is trading at levels last seen in January and at roughly half its peak value.

Mark Cooper

Mark Cooper

Mark Cooper is Political / Stock Market Correspondent. He has been covering Global Stock Markets for more than 6 years.