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Bitcoin Price Plummets by 4.91% to $25,957, Sending Shockwaves Through the Crypto Market

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Bitcoin Drops 4.91% to $25,957

Illustration shows representations of cryptocurrency Bitcoin

Representations of cryptocurrency Bitcoin are placed on a PC motherboard, in this illustration taken June 16, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights

Bitcoin’s Recent Performance

  • Bitcoin dropped 4.91% to $25,957 at 21:45 GMT on Thursday, losing $1,341 from its previous close.
  • Bitcoin is down 18.4% from the year’s high of $31,818 on July 13.
  • Ether, the coin linked to the ethereum blockchain network, dropped 3.57% to $1,644.4, losing $60.9 from its previous close.

Reporting by Nilutpal Timsina in Bengaluru; Editing by Krishna Chandra Eluri

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