Bitcoin Falls More Than 4% To Near $60,000

Bitcoin, the world's biggest and best-known cryptocurrency, fell more than 4% on Tuesday as it extended a decline through a week that also included an upgrade to its blockchain.

Singapore: Bitcoin, the world's biggest and best-known cryptocurrency, fell more than 4% on Tuesday as it extended a decline through a week that also included an upgrade to its blockchain.

Bitcoin fell to $60,350 at its lowest for the day, taking losses from a record high of $69,000 struck on November 10 to more than 11%.

Ether, the second-biggest cryptocurrency by market value, was down 4.5% at $4,355.4.

Cryptocurrency analysts said there did not seem to be any news driving the declines, and the moves seemed driven by profit taking after the sharp run-up.