Bitcoin dropped 5.6% 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 1.8% from the year’s low of $34,000 on Jan. 22.
Ether , the coin linked to the Ethereum blockchain network, dropped 8.4% to $2,352.72 on Saturday, losing $189.64 from its previous close.
The sell-off accelerated a two-month slide in the global cryptocurrency market that has vaporized $1.4 trillion in value – After reaching a high of roughly $3 trillion in early November, the total value of digital assets sat just above $1.5 trillion early Saturday afternoon, according to CoinMarketcap.