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WORLD | Jun 18, 2022

Last down 7.4%, Bitcoin value slumps to US$18,915

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Representations of cryptocurrency Bitcoin plunge into water in this illustration taken, May 23, 2022. (Photo: REUTERS/Dado Ruvic/Illustration)

(Reuters)

Bitcoin’s value crash continues, dropping 7.46 per cent to US$18,915.29 at 15:59 GMT on Saturday (June 18), losing $1,525.41 from its previous close.

Bitcoin, the world’s biggest and best-known cryptocurrency, is down 60.8 per cent from the year’s high of $48,234 on March 28.

Ether, the coin linked to the ethereum blockchain network, dropped 8.84 per cent to $988.52 on Saturday, losing $95.9 from its previous close.

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