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Cryptocurrency today: Bitcoin falls 8.5% to $31,700, Ether tumbles 7%

Cryptocurrency today: Bitcoin falls 8.5% to $31,700, Ether tumbles 7%

Bitcoin, the world's biggest and best-known cryptocurrency, is up 14.3% from the year's low of $27,734 on January 4

Bitcoin plummets 8.5%, ether falls 7% Bitcoin plummets 8.5%, ether falls 7%

Bitcoin dipped 8.51% to $31,699.83 at 22:04 GMT on Friday, losing $2,937.27 from its previous close.

Bitcoin, the world's biggest and best-known cryptocurrency, is up 14.3% from the year's low of $27,734 on Jan. 4.

Ether, the coin linked to the ethereum blockchain network, dropped 7.37 % to $1,843.07 on Friday, losing $146.56 from its previous close.

Also read: Are cryptocurrencies the future of money or just fringe players?