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Bitcoin under pressure as comeback fadesBitcoin fell to $39,262 on the Bitstamp exchange. That is roughly 30 per cent above its Wednesday low
Reuters
Last Updated IST
Ether is down 24 per cent for the week and bitcoin down 15 per cent. Credit: Reuters Photo
Ether is down 24 per cent for the week and bitcoin down 15 per cent. Credit: Reuters Photo

Bitcoin fell 3 per cent on Friday, giving up gains from the Asia session, as its recovery from this week's plunge shows signs of faltering.

Bitcoin fell to $39,262 on the Bitstamp exchange. That is roughly 30 per cent above its Wednesday low, but just below its 200-day moving average. Rival cryptocurrency ether also came under pressure on Friday, falling 2 per cent to $2,714.

Ether is down 24 per cent for the week and bitcoin down 15 per cent.

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(Published 21 May 2021, 13:02 IST)