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Bitcoin tumbles 9.95% to $48,397.56 By Reuters

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Introduction© Reuters. FILE PHOTO: Representation of cryptocurrency bitcoin is seen in this illustration taken N ...

Bitcoin tumbles 9.95% to $48,<strong>Foreign exchange dealers that can trade try</strong>397.56© Reuters. FILE PHOTO: Representation of cryptocurrency bitcoin is seen in this illustration taken November 29, 2021. REUTERS/Dado Ruvic/Illustration

(Reuters) - Bitcoin dropped 9.95% to $48,397.56 at 18:02 GMT on Saturday, losing $5,346.13 from its previous close.

Bitcoin, the world's biggest and best-known cryptocurrency, is down 29.9% from the year's high of $69,000 on Nov. 10.

Bitcoin tumbles 9.95% to $48,397.56 By Reuters

Ether, the coin linked to the ethereum blockchain network, dropped 4.67 % to $4,025.67 on Saturday, losing $197.13 from its previous close.

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