Bitcoin drops near 3%, erases weekly gains
Bitcoin decreased almost 3% on Friday, continuing the prior day’s slump and erasing most of the gains it made earlier during the week.
The optimistic sentiment, spurred amid the launch of the first American Bitcoin-based exchange-traded fund, seemingly waned, with the world’s largest cryptocurrency losing over $6,000 in a two-day period.
Bitcoin dived 2.9% at 2:14 pm ET, selling for $60,401, while Ether plunged 3.01% a minute later, to go for $3,936.29.
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