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Bitcoin falls 8.9% to $34,156

ForexMay 23, 2021 06:30AM ET
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© Reuters. FILE PHOTO: The Bitcoin logo is pictured on a crypto currency ATM machine in a shop in Union City, New Jersey, U.S., May 19, 2021. REUTERS/Mike Segar

(Reuters) - Bitcoin fell by 8.9% to $34,156 at 1000 GMT on Sunday, losing $3,344.54 from its previous close.

Bitcoin, the world's biggest and best-known cryptocurrency, is down 47.4% from this year's peak of $64,895.22 on April 14.

Ether, the coin linked to the ethereum blockchain network, dropped 11.5% to $2,031.96 on Sunday, down $264.35 from its previous close.

Bitcoin falls 8.9% to $34,156
 

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Comments (10)
Ricardo Diogo
rcd72 May 23, 2021 12:01PM ET
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the value is? nothing just energy waste , the only reason it will not go to 0 is because a lot is just dirty, tax evasion, drug and crime money 💰
Mehmet Dutlu
Mehmet Dutlu May 23, 2021 11:57AM ET
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its just another perfect dip buying opportunity for those woh have ***to invest in cryptocurrencies.
Church of Bear Market
Church of Bear Market May 23, 2021 11:37AM ET
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Bitcoin is dropping like leper whose legs just fell off
JT Marlin
JT Marlin May 23, 2021 11:18AM ET
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Enron Musk better tweet something soon. This can take the other 2 ponzi schemes,TSLA and ARKK down with it...
Paul Wall
Paul Wall May 23, 2021 10:38AM ET
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I'm hoping it's no longer mined in China. everyone talking about how bad China is for the environment should take a look at the slave labor they use to make your iPhone , Nike shoes, etc.
Eric Mur
Eric Mur May 23, 2021 10:38AM ET
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They don't care. They only worry about their own pockets. Smh
Eric Mur
Eric Mur May 23, 2021 10:38AM ET
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They really don't care. They only worry about their own pockets. Smh
Jurgen Daub
Jurgen Daub May 23, 2021 10:38AM ET
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Eric Mur does the US care?
Dennis Kendrick
Dennis Kendrick May 23, 2021 8:47AM ET
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The Chinese and us government want bitcoin gone sad it will take some huge hits.
Carlos Salas
Carlos Salas May 23, 2021 8:46AM ET
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Buy now and hodl. The cycle continues... Nothing new, just chineese and US whales manipulation...
Larry DeAngelis
Larry DeAngelis May 23, 2021 8:46AM ET
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If you liked it at 40k you will love it at 20k
bert prince
bert prince May 23, 2021 8:46AM ET
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maybe we will talk of cryptos as tulips in history books
Gaby Kanj
Gaby Kanj May 23, 2021 8:45AM ET
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After breaking a major support 54000 on May 13, our technical analysis was short on Bitcoin while other investors were buying cryptocurrencies.
Larry DeAngelis
Larry DeAngelis May 23, 2021 8:45AM ET
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Monday morning quarterback!
Chris Johnson
Chris Johnson May 23, 2021 7:45AM ET
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Just HODL... Until you lost everything
Larry DeAngelis
Larry DeAngelis May 23, 2021 7:26AM ET
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Next stop zero!
Sagar Chamlagai
Sagar Chamlagai May 23, 2021 7:26AM ET
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Sagar Chamlagai
Sagar Chamlagai May 23, 2021 7:26AM ET
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oh well, they don't support emoji lol. Yes, I would love to see BTC near zero.
 
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