Bitcoin dropped 5.2 per cent to US$22,253 (S$22,935) at 2204 GMT on Friday (March 3), losing US$1,213 from its previous close.

Bitcoin, the world's biggest and best-known cryptocurrency, is down 11.9 per cent from the year's high of US$25,270 on Feb 16.

Ether , the coin linked to the ethereum blockchain network, dropped 5.3 per cent to US$1,560.9 on Friday, losing US$87.1 from its previous close.

ALSO READ:&nbsp;<a href="https://www.asiaone.com/money/cryptoverse-big-investors-edge-back-bitcoin" target="_blank">Cryptoverse: Big investors edge back to bitcoin</a>

A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken on Jan 8, 2021. 

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Reuters


Bitcoin dropped 5.2 per cent to US$22,253 (S$22,935) at 2204 GMT on Friday (March 3), losing US$1,213 from its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is down 11.9 per cent from the year's high of US$25,270 on Feb 16. Ether , the coin linked to the ethereum blockchain network, dropped 5.3 per cent to US$1,560.9 on Friday,...

Bitcoin falls 5.2%