(Reuters) – Bitcoin dropped 5.1% to $38,391.36 on Tuesday, down $2,229.82 from its previous close.
Bitcoin, the world’s biggest and best-known cryptocurrency, is up 16% from the year’s low of $32,950.72 on Jan. 24.
Ether, the coin linked to the ethereum blockchain network, dipped 5.6% to $2,837.45 on Tuesday, losing $168.25 from its previous close.
(Reporting by Jose Joseph in Bengaluru; Editing by Sriraj Kalluvila)