Bitcoin dropped 5.6per cent to $34,448.94 at 18:10 GMT on Saturday, losing 1,878.27 from its previous close.
Bitcoin, the world's biggest and best-known cryptocurrency, is up 1.8per cent from the year's low of $34,000 on Jan. 22. Ether, the coin linked to the ethereum blockchain network, dropped 8.4per cent to $2,352.72 on Saturday, losing $189.64 from its previous close.
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