Bitcoin falls 3.7% to $24,987

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June 14, 2023 5:10 PM EDT

FILE PHOTO: Souvenir tokens representing cryptocurrency Bitcoin plunge into water in this illustration taken May 17, 2022. REUTERS/Dado Ruvic

(Reuters) - Bitcoin dropped 3.65% to $24,987 at 2103 GMT on Wednesday, losing $947 from its previous close.

Bitcoin, the world's biggest and best-known cryptocurrency, is down 19.5% from the year's high of $31,035 on April 14.

Ether, the coin linked to the Ethereum blockchain network, dropped 5.36% to $1,646.1, losing $93.3 from its previous close.

(Reporting by Yana Gaur in Bengaluru; Editing by Krishna Chandra Eluri)


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