Bitcoin once again slips below $20,000

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

cryptocurrency,The craze for cryptocurrencies was at a fever pitch last year with bitcoin hitting a record high of $69,000 in November. (File)

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.