Bitcoin falls 5.3% to $39,881

April 11 (Reuters) – Bitcoin dropped 5.3% to $39,881.02 at on Monday, down $2,231.58 from its previous close.

Bitcoin, the world’s biggest and best-known cryptocurrency, is down 17.3% from the year’s high of $48,234 on March 28.

Ether ETH=BTSP, the coin linked to the ethereum blockchain network, dipped 6.58 % to $2,991.51 on Monday, losing $210.86 from its previous close.

(Reporting by Maria Ponnezhath in Bengaluru; Editing by Leslie Adler)

((Maria.Ponnezhath@thomsonreuters.com; +91 8061822749;))