Bitcoin falls 8.9% to $34,156

A representations of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken,May 19, 2021. REUTERS/Dado Ruvic/Illustration

Bitcoin fell by 8.9% to $34,156 at 1000 GMT on Sunday, losing $3,344.54 from its previous close.

Bitcoin, the world’s biggest and best-known cryptocurrency, is down 47.4% from this year’s peak of $64,895.22 on April 14.

Ether , the coin linked to the ethereum blockchain network, dropped 11.5% to $2,031.96 on Sunday, down $264.35 from its previous close.

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