Bitcoin (BTC) drops toward $60,000 as major cryptocurrencies plunge
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In this illustration from May 19, 2021 you can see a Bitcoin representation in front a stock chart.
Dado Ruvic | Reuters
The price of Bitcoin and other crypto currencies fell on Tuesday after a sharp decline from the near record highs.
According to CoinDesk data, Bitcoin dropped towards $60,000 in late morning trading Singapore time. After recovering some of its losses, Bitcoin traded around $61,402.42 at 12.41 pm Singapore. This is 6.7% lower than 24 hours ago.
Ether dropped nearly 8 percent to $4,337.89.
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