(Reuters) – Bitcoin fell 6.39% to $ 43,165.78 on Sunday, losing $ 2,944.20 from the previous close.
Bitcoin, the largest and most well-known cryptocurrency in the world, fell 26% from the year high of $ 58,354.14 on February 21, when it skyrocketed amid growing confidence that it will become a mainstream investment and payment vehicle.
Major companies like BNY Mellon, asset manager BlackRock Inc and credit card giant Mastercard Inc supported cryptocurrencies. Tesla Inc, Square Inc and MicroStrategy Inc invested in bitcoin.
Ether, the currency linked to the ethereum blockchain network, fell 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