Bitcoin falls again

Bitcoin dropped again on Saturday and was last down around 4 per cent for the day, hovering around the $35,000 level.

Bitcoin, the world's biggest and best-known cryptocurrency, is now about half its $69,000 peak in November.

It was last at $35,049, after falling as low as $34,000 and following a steep fall on Friday.

The currency has had wild price swings and has been hit as risk appetite has fallen on inflation fears and anticipation of a more aggressive pace of interest rate hikes from the US Federal Reserve.

Other risk assets have fallen with stocks falling on Friday.

In a research note on Friday, Edward Moya, senior market analyst for the Americas at OANDA, said bitcoin was falling as "crypto traders de-risk portfolios following the bloodbath in stocks" and in advance of next week's Federal Reserve policy meeting.