Bitcoin Drops 6.5% To Below $20,000

Bitcoin Drops 6.5% To Below $20,000

(Reuters) – Bitcoin dropped 6.53% to $19,106.37 at 0734 GMT on Saturday, losing $1,334.33 from its previous close.

Earlier in the day, it sank as far as $19,047.61, its lowest point since December 2020.

Bitcoin is down 59% this year, while ether is down 73%.

(Reporting by Jahnavi Nidumolu in Bengaluru; Editing by Andrew Heavens)