Bitcoin falls 9.2% to $48,782

Latest Update: Dec 05, 2021 6345

(Reuters) - Bitcoin dropped 9.29% to $48,752.15 at 22:01 GMT on Saturday, losing $4,991.54 from its previous close.

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Bitcoin, the world's biggest and best-known cryptocurrency, is down 29.3% from the year's high of $69,000 on November 10.

Ether, the coin linked to the ethereum blockchain network, dropped 3.61% to $4,070.52 on Saturday, losing $152.28 from its previous close.

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