Reuters reported that Bitcoin plummeted 9.95% to $48,397.56

© Reuters. File photo: A representative of the cryptocurrency Bitcoin can be seen in this illustration taken on November 29, 2021. REUTERS/Dado Ruvic/Illustration

(Reuters)-Saturday at 18:02 GMT, it fell 9.95% to US$48,397.56, which was US$5,346.13 lower than the closing price of the previous trading day.

Bitcoin, the world’s largest and most famous cryptocurrency, is down 29.9% from its annual high of $69,000 on November 10.

Ethereum, a token related to the Ethereum blockchain network, fell 4.67% to US$4,025.67 on Saturday, which was a US$197.13 drop from the previous closing price.

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