Bitcoin falls 4.5% to $26,916


(Reuters) – Bitcoin dropped 4.5% to $26,916 at 20:07 GMT on Wednesday, losing $1,276 from its previous close.
(Reuters) – Bitcoin dropped 4.5% to $26,916 at 20:07 GMT on Wednesday, losing $1,276 from its previous close.
Bitcoin, the world’s biggest and best-known cryptocurrency, is down 7% from the year’s high of $28,936 on March 22.
Ether, the coin linked to the ethereum blockchain network, dropped 4.67 % to $1,722.6 on Wednesday, losing $84.3 from its previous close.
(Reporting by Yana Gaur in Bengaluru; Editing by Shounak Dasgupta)
Bitcoin is a decentralized digital currency that allows for peer-to-peer transactions over the internet without the need for a central authority or intermediary.
Ether is the native cryptocurrency of the Ethereum blockchain, used primarily for transactions and to power smart contracts on the network.
A cryptocurrency is a digital or virtual currency that uses cryptography for security and operates on a technology called blockchain.
Blockchain is a distributed ledger technology that records transactions across many computers in a way that ensures the security and transparency of the data.
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