Bitcoin drops to one-week low at $33,477- Business News

Bitcoin fell as far as $33,447, its lowest since January  6. Ethereum which often moves in tandem with bitcoin, fell as much as 20% to a one-week low of $1,007.51

Reuters | January 11, 2021 | Updated 11:55 IST

Cryptocurrencies plunged on Monday, with bitcoin dropping more than 12% to a one-week low as rising US yields lifted the dollar broadly and hurt non-income paying assets.

Bitcoin fell as far as $33,447, its lowest since January 6. Ethereum which often moves in tandem with bitcoin, fell as much as 20% to a one-week low of $1,007.51.

Also read: TCS share hits all-time high post strong Q3 earnings