U.S. markets open in 7 hours 8 minutes
  • S&P Futures

    4,568.00
    +10.00 (+0.22%)
     
  • Dow Futures

    35,651.00
    +31.00 (+0.09%)
     
  • Nasdaq Futures

    15,573.50
    +77.75 (+0.50%)
     
  • Russell 2000 Futures

    2,314.70
    +4.40 (+0.19%)
     
  • Crude Oil

    83.64
    -0.12 (-0.14%)
     
  • Gold

    1,806.70
    -0.10 (-0.01%)
     
  • Silver

    24.52
    -0.07 (-0.29%)
     
  • EUR/USD

    1.1608
    -0.0007 (-0.06%)
     
  • 10-Yr Bond

    1.6350
    0.0000 (0.00%)
     
  • Vix

    15.24
    -0.19 (-1.23%)
     
  • GBP/USD

    1.3769
    +0.0000 (+0.00%)
     
  • USD/JPY

    113.8920
    +0.1930 (+0.17%)
     
  • BTC-USD

    62,241.17
    +349.47 (+0.56%)
     
  • CMC Crypto 200

    1,495.61
    +1,252.93 (+516.29%)
     
  • FTSE 100

    7,222.82
    +18.27 (+0.25%)
     
  • Nikkei 225

    29,106.01
    +505.60 (+1.77%)
     

Bitcoin extends retreat from record high to hit lowest in 20 days

·1 min read
FILE PHOTO: Representation of the virtual currency Bitcoin is seen on a motherboard in this picture illustration

(Reuters) - Bitcoin dropped 6.39% to $43,165.78 on Sunday, losing $2,944.20 from its previous close.

Bitcoin, the world's biggest and best-known cryptocurrency, has fallen 26% from the year's high of $58,354.14 on Feb. 21 when it soared amid increasing confidence that it will become a mainstream investment and payments vehicle.

Major firms such as BNY Mellon, asset manager BlackRock Inc and credit card giant Mastercard Inc have backed cryptocurrencies. Tesla Inc, Square Inc and MicroStrategy Inc have invested in bitcoin.

Ether, the coin linked to the ethereum blockchain network, dropped 8.88% to $1,329.46 on Sunday, losing $129.57 from its previous close.

(Reporting by Juby Babu in Bengaluru; Editing by Lisa Shumaker)