Bitcoin falls 8.4% to $49,228.82

(Reuters) – Bitcoin dropped 8.4% to $49,228.82 at 20:01 GMT on Saturday, losing $4,514.87 from its previous close.

Bitcoin, the world’s biggest and best-known cryptocurrency, is down 28.7% from the year’s high of $69,000 on Nov. 10.

Ether, the coin linked to the ethereum blockchain network, dipped 2.69 % to $4,109.14 on Saturday, losing $113.66 from its previous close.

(Reporting by Juby Babu in Bengaluru; Editing by Cynthia Osterman)

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