(Reuters)-Bitcoin fell 6.39% on Sunday to $43,165.78, down $2,944.20 from the previous trading day.
The world’s largest and most famous cryptocurrency, Bitcoin, has fallen by 26% from its annual high of $58,354.14 on February 21, when the price of the coin soared because people are increasingly believing that it will become a mainstream investment and payment tool.
Major companies such as BNY Mellon, asset management company BlackRock Inc and credit card giant Mastercard Inc all support cryptocurrencies. Tesla Inc, Square Inc and MicroStrategy Inc have invested in Bitcoin.
Ether, a token related to the Ethereum blockchain network, fell 8.88% to 1
Reporting by Juby Babu in Bangalore; Editing by Lisa Shumaker