Bitcoin is under pressure after reaching $35K resistance. Support at $30K could stabilize the current pullback.
The technical charts suggest further downside is likely as sellers react to extreme overbought conditions since March.
Bitcoin's short-term downtrend is slowing, although upside appears to be limited heading into the weekend.
Bitcoin is recovering from a volatile shakeout. Options expiry has large open interest around $40K.
The seizure was made based on intel regarding the transfer of criminal assets, a statement from the police read.
Bitcoin is down about 12% over the past seven days and was trading around $33,000 at press time.
Bitcoin gave up some gains on Wednesday, suggesting the short-squeeze rally is fading.
BTC is up 9% over the past 24 hours.
Bitcoin’s near 50% decline from all-time highs surprised analysts as China’s crackdown fueled bearish sentiment.
BTC is down about 22% over the past seven days.
China's central bank says institutions must not provide trading, clearing and settlement for crypto transactions.
A statement posted on its website citing guidance from the People's Bank of China was subsequently deleted.
The company is the latest U.K. bank to act to crack down on cyber-crime.
Bitcoin’s ‘death cross’ could increase selling pressure into the weekend.
BTC buyers struggled near $40K resistance this week. Upside appears to be limited.