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Bitcoin once again slips below $20,000

FILE PHOTO: A representation of the virtual cryptocurrency Bitcoin

(Reuters) - Bitcoin on Sunday dropped 1.54% to $19,804, slipping from the 20,000 mark after losing $310 from its previous close.

The world's biggest and best-known cryptocurrency is down 58.9% from the year's high of $48,234 on March 28.

Ether, the coin linked to the ethereum blockchain network, dropped 3.2 % to $1,422.1 on Sunday, losing $47 from its previous close.

(Reporting by Rachna Dhanrajani in Bengaluru, Editing by William Maclean)