The price of Bitcoin fell to below 35-thousand U.S. dollars this weekend, down 50 percent from its all-time high this past November.
The sell-off has been led by a combination of factors, including the Federal Reserve's tightening of monetary policy, which will reduce liquidity, and crackdowns by governments around the world.
China has already banned Bitcoin mining and trading, and Russia is reportedly looking at similar measures.
The currency is down by almost a fourth just since the start of the year.
The second biggest cryptocurrency by market cap, Ethereum, is down year-to-date by a third.