Bitcoin falls 4.94% to $36,007

A representation of cryptocurrency bitcoin is seen in front of a stock graph and U.S. dollar in this illustration taken, January 24, 2022. REUTERS/Dado Ruvic/File Photo Acquire Licensing Rights

Nov 16 (Reuters) – Bitcoin dropped 4.94% to $36,007 at 2117 GMT on Thursday, losing $1,870 from its previous close.

Bitcoin, the world’s biggest and best-known cryptocurrency, is down 5.2% from the year’s high of $37,978 on November 9.

Ether , the coin linked to the ethereum blockchain network, dropped 4.86 % to $1,959.8 on Thursday, losing $100.2 from its previous close.

Reporting by Jose Joseph in Bengaluru; editing by Jonathan Oatis

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