10/22/2021, 8:15 PM (Source: TeleTrader)
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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.

Baha Breaking the News (BBN) / BU