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Bitcoin falls 7.7% to $55,408

FILE PHOTO: FILE PHOTO: A representation of virtual currency Bitcoin and U.S. One Dollar banknotes are seen in front of a stock graph in this illustration

(Reuters) – Bitcoin, the world’s biggest and best-known cryptocurrency, dropped 7.7% to $55,408.08 on Sunday, losing $4,624.21 from its previous close.

Ether, the coin linked to the ethereum blockchain network, fell 6.53 % to $2,165.91 on Sunday, losing $151.2 from its previous close.

(Reporting by Aakriti Bhalla in Bengaluru; Editing by Ana Nicolaci da Costa)

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