Bitcoin falls 8.9% to $34,156

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The Bitcoin logo is pictured on a crypto currency ATM machine in a shop in Union City, New Jersey, U.S., May 19, 2021. REUTERS/Mike Segar

May 23 (Reuters) - Bitcoin fell by 8.9% to $34,156 at 1000 GMT on Sunday, losing $3,344.54 from its previous close.

Bitcoin, the world's biggest and best-known cryptocurrency, is down 47.4% from this year's peak of $64,895.22 on April 14.

Ether , the coin linked to the ethereum blockchain network, dropped 11.5% to $2,031.96 on Sunday, down $264.35 from its previous close.

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Reporting by Maria Ponnezhath in Bengaluru Editing by David Goodman

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