Bitcoin dived 12.14 per cent to $47,176.09 on Saturday, losing $6,567.6 from its previous close.
Bitcoin, the world's biggest and best-known cryptocurrency, is down 31.6 per cent from the year's high of $69,000 reached on Nov. 10, reports Reuters.
Ether, the coin linked to the ethereum blockchain network, dropped 10.14 per cent to $3,794.61 on Saturday, losing $428.19 from its previous close.