Bitcoin falls 5.2pc to $33,849, Ether down 6.3pc

Bitcoin dipped 5.16 per cent to $33,849.47 at 18:00 GMT on Saturday, losing $1,842.99 from its previous close.

Ether, the coin linked to the ethereum blockchain network, dropped 6.26 per cent to $2,262.06 on Saturday, losing $151.11 from its previous close.

Bitcoin, the world's biggest and best-known cryptocurrency, is down 47.8 per cent from the year's high of $64,895.22 on April 14.

It has been less volatile in the past week but losses this month have been heavy at 38 per cent, driven by growing regulatory pressures on the sector.