Bitcoin leads cryptocurrency selloff, down 9.7% on day at $16.922 – Reuters India


FILE PHOTO: A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken November 19, 2020. REUTERS/Dado Ruvic/Illustration/File photo

LONDON (Reuters) – Bitcoin led a broad cryptocurrency selloff on Thursday, dropping 9.7% to $16,933 after having hit its highest level in nearly two years earlier this week.

Other cryptocurrency also fell, with Ripple’s XRP dropping 20.26% to $0.51 and Ethereum falling 13.16% to $500.8. Both currencies also hit highs earlier this week.

Reporting by Abhinav Ramnarayan, editing by Sinead Cruise



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