Bitcoin falls 7.8% to $31,333

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FILE PHOTO: Representation of cryptocurrency Bitcoin is seen in this illustration

(Reuters) – Bitcoin dropped 7.81% to $31,333.41 at 20:03 GMT on Monday, losing $2,655.98 from its previous close.

Bitcoin, the world’s biggest and best-known cryptocurrency, is down 35% from the year’s high of $48,234 on March 28.

Ether, the coin linked to the ethereum blockchain network, fell 9.02% to $2,295.06 on Monday, losing $227.61 from its previous close.

(Reporting by Anirudh Saligrama in Bengaluru; Editing by Chris Reese)

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