Bitcoin falls 6.4% to $58,777

FILE PHOTO: Physical representations of the bitcoin cryptocurrency are seen in this illustration taken October 24, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) - Bitcoin fell 6.4% to $58,777 at 2218 GMT on Tuesday.

Bitcoin, the world's biggest and best-known cryptocurrency, is down 20.3% from the year's high of $73,794 on March 14.

(Reporting by Disha Mishra in Bengaluru; Editing by Chris Reese)