Crash in the leading cryptocurrency hitting related companies.
The price of bitcoin is now down more than 30% so far in May, on track for its worst month since November 2018.
The next level of support is seen at around $34,000, which could stabilize the sell-off.
The world’s largest cryptocurrency by volume has dropped in a month nearly 40% from its all-time high.
Investors are buying and no longer panicking.
Backwardation refers to a downward sloping futures curve where front-month contracts trade at a higher price than far-maturity contracts.
The drop in market sentiment follows the past week's bitcoin price plunge, according to Arcane Research.
The crypto lender is entering Bitcoin mining in the midst of a boom in North America’s bitcoin mining industry.
Regulators cite the dangers of speculative trading.
Inflows are mainly concentrated on the retail-focused Binance, while institutions continue to hold.
A bullish bet on the cryptocurrency was also the most crowded trade in January.
BTC continues to consolidate and is now at the bottom of a three-month range.
Experienced hands look to be buying the dip as a key bitcoin price indicator suggests the pullback may be coming to an end.
The crypto car drove to the dump Monday as most blockchain assets fell.
DarkSide hackers might have received 321.5 BTC for ransom since March, with 107 BTC still unaccounted for.