Bitcoin falls 5.84% to $43,418

Reuters2021-03-01

Feb 28 (Reuters) - Bitcoin dropped 5.84% to $43,418.02 on Sunday, losing $2,691.96 from its previous close.

Bitcoin, the world's biggest and best-known cryptocurrency, has fallen 25.6% from the year's high of $58,354.14 on Feb. 21.

Bitcoin's price soared this year as major firms including BNY Mellon , asset manager BlackRock Inc , and credit card giant Mastercard Inc backed cryptocurrencies, while others such as Tesla Inc Square Inc and MicroStrategy Inc invested in bitcoin.

Ether , the coin linked to the ethereum blockchain network, dipped 9.59% to $1,319.12 on Sunday, losing $139.91 from its previous close.

(Reporting by Sabahatjahan Contractor in Bengaluru; Editing by Daniel Wallis)

((Sabahatjahan.Contractor@thomsonreuters.com; within U.S. +1 646 223 8780 outside the U.S. +918067492635;))

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