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Bitcoin drops 1.6% to below $20,000

(Reuters) – Bitcoin was off 1.63% at $19,920 by late afternoon in Europe on Saturday, down $330 from its previous close.

A neon logo of cryptocurrency Bitcoin is seen at the Crypstation cafe, in downtown Buenos Aires

(Reuters) – Bitcoin was off 1.63% at $19,920 by late afternoon in Europe on Saturday, down $330 from its previous close.

Bitcoin, the world’s biggest and best-known cryptocurrency, is down 58.7% from the year’s high of $48,234 on March 28.

Ether, the coin linked to the ethereum blockchain network, dipped 2.76 % to $1,467.2 on Saturday, losing $41.60 from its previous close.

(Reporting by Akriti Sharma in Bengaluru)

By Reuters

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