Bitcoin falls 9.2% to $48,782

Bitcoin, the world's biggest and best-known cryptocurrency, is down 29.3% from the year's high

  
A representation of the virtual cryptocurrency Bitcoin is seen in this picture illustration taken October 18, 2021.

A representation of the virtual cryptocurrency Bitcoin is seen in this picture illustration taken October 18, 2021.

REUTERS/Edgar Su

Bitcoin dropped 9.29% to $48,752.15 at 22:01 GMT on Saturday, losing $4,991.54 from its previous close.

Bitcoin, the world's biggest and best-known cryptocurrency, is down 29.3% from the year's high of $69,000 on November 10.

Ether , the coin linked to the ethereum blockchain network, dropped 3.61% to $4,070.52 on Saturday, losing $152.28 from its previous close.

(Reporting by Juby Babu in Bengaluru; Editing by Daniel Wallis)


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