Bitcoin falls 6.1 percent to $47,607

Bitcoin dropped 6.13% to $47,606.92 on Tuesday, losing $3,111.19 from its previous close.

Bitcoin, the world’s biggest and best-known cryptocurrency, is down 31% from the year’s high of $69,000 on Nov. 10.

Ether , the coin linked to the ethereum blockchain network, dropped 5.57 % to $3,812.6 on Tuesday, losing $224.8 from its previous close.

Also Read: US to return $154 mn stolen by Sony employee and converted to bitcoin

Also Read: Dubai World Trade Centre to become regulator for virtual assets and crypto