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

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

twitter-logoReuters | January 11, 2021 | Updated 11:55 IST
Bitcoin drops to one-week low at $33,477

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

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