Initial support around $48K could stabilize the pullback.
Bitcoin has taken back half of the gains lost in the April to July period, but bullish momentum may slow.
Bitcoin slipped below $50K and will likely consolidate this week, analysts say.
Días después de que China reiterara medidas drásticas contra el segmento cripto, bitcoin cayó hasta 30%. Estados Unidos, por su parte, parece no ser el centro del universo cripto.
OpenNode and Substack will allow some crypto-focused subscribers to pay with both on-chain and Lightning bitcoin transactions.
The dollar may depreciate after Friday's event, triggering renewed inflows into bitcoin and equities.
Upside momentum is strengthening on daily and weekly charts, which suggests buyers are in control.
"The market continues to hover over the 200-day moving average with bulls still in play," Zerocap's Toby Chapple told CoinDesk.
It could just be the U.S. is not the center of the crypto universe.
Bitcoin rallied after Coinbase announced it will add crypto to its balance sheet.
"The institutional world is turning cautious on stocks and that is making cryptocurrencies look very attractive," said one analyst.
The contract will be traded in euros and physically delivered in bitcoin ETNs.
Buyers will likely remain active on pullbacks into the weekend.
Hourly spot volume across multiple exchanges clocked the highest point since Aug. 13.
The accounts held about 7% of the company's cash.