(Reuters) – Bitcoin fell 6.39% to $ 43,165.78 on Sunday, losing $ 2,944.20 from the previous close.
Bitcoin, the world’s largest and best-known cryptocurrency, is down 26% from its all-time high of $ 58,354.14 on February 21, as it rose amid growing confidence that it will be a regular investment and payment tool. to become.
Major companies such as BNY Mellon, asset manager BlackRock Inc and credit card giant Mastercard Inc have backed cryptocurrencies. Tesla Inc, Square Inc and MicroStrategy Inc have invested in bitcoin.
Ether, the coin linked to the ethereum blockchain network, fell 8.88% to $ 1,329.46 on Sunday, losing $ 129.57 from the previous close.
Reporting by Juby Babu in Bengaluru; Editing by Lisa Shumaker