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Bitcoin falls 5.84% to $43,418

CryptocurrencyFeb 28, 2021 11:35AM ET
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© Reuters. FILE PHOTO: A collection of bitcoin (virtual currency) tokens are displayed in this picture illustration

(Reuters) - Bitcoin dropped 5.84% to $43,418.02 on Sunday, losing $2,691.96 from its previous close.

Bitcoin, the world's biggest and best-known cryptocurrency, has fallen 25.6% from the year's high of $58,354.14 on Feb. 21.

Bitcoin's price soared this year as major firms including BNY Mellon (NYSE:BK), asset manager BlackRock Inc (NYSE:BLK), and credit card giant Mastercard Inc (NYSE:MA) backed cryptocurrencies, while others such as Tesla (NASDAQ:TSLA) Inc Square Inc (NYSE:SQ) and MicroStrategy Inc invested in bitcoin.

Ether, the coin linked to the ethereum blockchain network, dipped 9.59% to $1,319.12 on Sunday, losing $139.91 from its previous close.

Bitcoin falls 5.84% to $43,418
 

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Comments (6)
Brent Pye
Brent Pye Feb 28, 2021 11:04PM ET
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these comments haven't aged well. learn how to do some technical analysis boys. falling wedge is bullish. new ATHs coming with 2 weeks. see you at $75k.
Viking Fire
Viking Fire Feb 28, 2021 7:36PM ET
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How many offended that the color gold is used lol?
Allatra Yiveh
AllatraYiveh Feb 28, 2021 4:38PM ET
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The image is misleading, the Bitcoin should not be portrayed using Gold Coin, it is a disgrace to gold. Bitcoin has nothing in common with gold. It is not a store of value (not stable), it is not money, and it is not physical.
Viking Fire
Viking Fire Feb 28, 2021 4:38PM ET
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Gold: a color. Basically about it. Not even as useful and all other metals out there
The Chad Bull
The Chad Bull Feb 28, 2021 4:34PM ET
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“Store of value.” LOL “Currency!”
Forex With William
Forex With William Feb 28, 2021 1:58PM ET
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BTC has giving about $10.000 for the past 2weeks now , creating a great chance for buyers to get in.
Alex Chan
Alex Chan Feb 28, 2021 1:58PM ET
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great chance to burn more coal in western china ... huzzah huzzah
Joe Ruscigno
Joe Ruscigno Feb 28, 2021 12:24PM ET
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BTC=0
Nick Zaharias
Nick Zaharias Feb 28, 2021 12:24PM ET
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No way!! Maybe $4.50, but definitely not $0!!
Bai Liu
Bai Liu Feb 28, 2021 12:24PM ET
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No fundamentals! Price is relying on your thinking only!
Bai Liu
Bai Liu Feb 28, 2021 12:24PM ET
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Nick Zaharias what do you base on ?🤝Thanks!
Alex Chan
Alex Chan Feb 28, 2021 12:24PM ET
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bitcoin fundamentally a waste of natural resources.
Joe Ruscigno
Joe Ruscigno Feb 28, 2021 12:24PM ET
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Bai Liu better yet, why don’t you tell us what BTC at $50k is based on...besides your fantasies...
 
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