Concerns about the extent of the China crackdown have contributed to the past months' decline in bitcoin's price to about $34,200.
Net outflows from cryptocurrency funds totaled $44 million for the week ending June 25, marking the fourth consecutive week of redemptions.
Bitcoin is under pressure after reaching $35K resistance. Support at $30K could stabilize the current pullback.
Weak trading volume points to a lack of institutional and retail interest, according to one expert.
Cryptocurrency markets will likely stay under sell pressure for the next few weeks, but data points indicate this bear market may be short-lived.
On Friday, Japan’s financial regulator warned that Binance is operating in that country without permission.
The technical charts suggest further downside is likely as sellers react to extreme overbought conditions since March.
LedgerPrime's crypto quant fund is up 78% thanks to price discrepancies in the spot and derivatives markets.
The popping of bubbles does not indicate the failure of crypto technology itself, which continues to see massive long-term venture interest.
The stablecoin supply ratio oscillator is recovering in a sign of renewed capital inflow into bitcoin.
Bitcoin's short-term downtrend is slowing, although upside appears to be limited heading into the weekend.
Bitcoin's jump coincides with announcements made by El Salvador's president on Thursday evening.
Bitcoin is recovering from a volatile shakeout. Options expiry has large open interest around $40K.
It took less than two months for the token of one of the most promising crypto projects down to $34 from $630.
Sam Bankman-Fried’s FTX will allow users to trade tokenized stocks of companies such as Facebook, Google, Netflix, Nvidia, PayPal and Tesla.