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Sunday, 28 February 2021

Bitcoin falls from record high to hit lowest in 20 days

Bitcoin dropped 6.39% to $43,165.78 on Sunday, losing $2,944.20 from its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, has fallen 26% from the year’s high of $58,354.14 on February 21 when it soared amid increasing confidence that it will become a mainstream investment and payments vehicle. Missing out on the crypto revolution Major firms 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. Elon Musk loves it. So what's all the buzz about bitcoin? Ether, the coin linked to the ethereum blockchain network, dropped 8.88% to $1,329.46 on Sunday, losing $129.57 from its previous close.

from Latest Technology News, Tech News Pakistan | eTribune https://ift.tt/2ZX3itr

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