Bitcoin falls 3.7% to $24,987

(Reuters) – dropped 3.65% to $24,987 at 2103 GMT on Wednesday, losing $947 from its previous close.

Bitcoin, the world’s biggest and best-known cryptocurrency, is down 19.5% from the year’s high of $31,035 on April 14.

Ether, the coin linked to the blockchain network, dropped 5.36% to $1,646.1, losing $93.3 from its previous close.