Bitcoin falls again under $60,000 for first time since Nov 1

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LONDON (Reuters) – Bitcoin fell under $60,000 for first time since Nov. 1 on Tuesday, whereas the cryptocurrency ether additionally dropped sharply.

Bitcoin — which final week hit a brand new document excessive of $69,000 — fell to as little as $58,600, its weakest in 19 days, and was final down round 7% on the day. It’s down 14% from that peak.

Ether, the world’s second largest cryptocurrency, fell to a 19-day low of $4,109.03 and was final down round 9.7% on the day.

If sustained, the transfer will probably be each cryptocurrencies’ largest each day fall since September.

(Reporting by Elizabeth Howcroft; Enhancing by Saikat Chatterjee)



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