Bitcoin, the world's biggest and best-known cryptocurrency, is down 49.9% from the year's high of $64,895.22 on April 14.

Ether, the coin linked to the ethereum blockchain network, dropped 13.13% to $1,948.23 on Monday, losing $294.37 from its previous close.

(Reporting by Maria Ponnezhath in Bengaluru, Editing by Rosalba O'Brien)