# Bitcoin falls 7.4% to $40,632
Author: Pal sinha, Barnali
Author URL: https://startupobserver.com/author/pal-sinha-barnali/
Published: 2022-02-18
Category: Business
Category URL: https://startupobserver.com/category/business/
Meta Title: Bitcoin drops 7.4% to $40,631.78 as cryptocurrencies tumble
Meta Description: Stay informed on the latest cryptocurrency market developments, including Bitcoin's 7.4% drop and Ether's 7.43% fall. Keep track with Reuters.
URL: https://startupobserver.com/bitcoin-falls-7-4-to-40632/

![undefined](https://prod.superblogcdn.com/site_cuid_cm5qsrmdo0032wirgrt84jr62/images/2022-02-17t221349z1lynxmpei1g12xrtroptp4fintech-crypto-weekly-1737044447416-compressed.jpg)

(Reuters) – Bitcoin dropped 7.4% to $40,631.78 at 2205 GMT on Thursday, down $3,248.05 from its previous close.

Bitcoin, the world’s biggest and best-known cryptocurrency, is down 15.3% from the year-to-date high of $47,989 set on Jan. 2.

Ether, the cryptocurrency linked to the ethereum blockchain network, fell 7.43 % to $2,891.32 on Thursday, down $231.92 from its previous close.

(Reporting by Anirudh Saligrama in Bengaluru; Editing by Leslie Adler)


---
This blog is powered by Superblog. Visit https://superblog.ai to know more.
---