Cryptocurrencies trade lower, ether drops 6%

Saturday, 15. May 2021 23:07

The world's most widespread cryptocurrencies, including Bitcoin and Ether, traded lower on Saturday with Ether on course to record its first weekly loss since March.

Earlier in the week, digital assets dropped on news Tesla decided to stop accepting Bitcoin payments over environmental concerns, but they then recovered some losses after Elon Musk insisted he "strongly believes" in cryptocurrencies despite the move.

Ether slid 6.66% to $3,808.9613 at 5:06 pm ET and Bitcoin lost 3,04% to go for $48,368.42 at 5:07 am ET.

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Breaking the News / NP