Bitcoin drops over 5% to $33,226.36

July 1, 2021

FILE PHOTO: A representations of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken,May 19, 2021. REUTERS/Dado Ruvic/Illustration

(Reuters) - Bitcoin dropped 5.17% to $33,226.36 on Thursday, losing $1,810.87 from its previous close.

The world’s biggest and best-known cryptocurrency is down 48.8% from the year’s high of $64,895.22 hit on April 14.

Ether, the coin linked to the ethereum blockchain network, dropped 7.28% to $2,110.53 on Thursday, losing $165.81 from its previous close.

Reporting by Vishal Vivek in Bengaluru; Editing by Ramakrishnan M.