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Bitcoin falls 5.2% to $22,253

(Reuters) – Bitcoin dropped 5.2% to $22,253 at 2204 GMT on Friday, losing $1,213 from its previous close.

A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken

(Reuters) – Bitcoin dropped 5.2% to $22,253 at 2204 GMT on Friday, losing $1,213 from its previous close.

Bitcoin, the world’s biggest and best-known cryptocurrency, is down 11.9% from the year’s high of $25,270 on Feb. 16.

Ether, the coin linked to the ethereum blockchain network, dropped 5.3% to $1,560.9 on Friday, losing $87.1 from its previous close.

(Reporting by Kanjyik Ghosh in Bengaluru; Editing by Maju Samuel)

By Reuters

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