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A representation of cryptocurrency Bitcoin is seen in this illustration taken August 6, 2021. REUTERS/Dado Ruvic

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May 11 (Reuters) - Bitcoin fell 7.23% to $28,758.29 at 22:05 GMT on Wednesday, losing $2,241.68 from its previous close.

Bitcoin, the world's biggest and best-known cryptocurrency, is down 40.4% from the year's high of $48,234 on March 28.

Ether , the coin linked to the ethereum blockchain network, dropped 11.56% to $2,071.46 on Wednesday, losing $270.66 from its previous close.

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Reporting by Anirudh Saligrama in Bengaluru Editing by Chris Reese

Our Standards: The Thomson Reuters Trust Principles.