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Bitcoin falls 6.1 percent to $47,607

FILE PHOTO: A representation of the virtual cryptocurrency Bitcoin

(Reuters) - Bitcoin dropped 6.13% to $47,606.92 on Tuesday, losing $3,111.19 from its previous close.

Bitcoin, the world's biggest and best-known cryptocurrency, is down 31% from the year's high of $69,000 on Nov. 10.

Ether, the coin linked to the ethereum blockchain network, dropped 5.57 % to $3,812.6 on Tuesday, losing $224.8 from its previous close.

(Reporting by Maria Ponnezhath in Bengaluru; Editing by Chris Reese)

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