Bitcoin is under pressure as Fed taper concerns linger, although some expect crypto to remain resilient.
Upside momentum has been weak, which means the corrective phase from May is not yet complete.
The crypto will be converted into U.S. dollars first, before being deposited into the National Republican Congressional Committee's account.
The U.S. central bank also increased estimates of coming inflation to 3% from the 2.2% projection in March, largely due to transitory factors.
BTC faces slowing momentum as buyers struggled at resistance. Upside limited with lower support at $34K.
Some analysts are optimistic while others prefer to see stronger signs of upside momentum before calling a bottom.
However, the short-term trend is improving as the daily chart advances from oversold levels.
Bitcoin tests $40K following positive comments from Tesla's CEO Elon Musk and hedge fund manager Paul Tudor Jones.
Harvesting your crypto losses during a dip generates greater tax savings than hodling, says a crypto tax expert.
The amount of money leaving was significantly less than the previous, record week of $141 million.
Cryptocurrencies could facilitate illegal activity and undermine central banks' ability to conduct monetary policy, Consob Chairman Paolo Savona said.
Bitcoin is attempting to break out of a monthslong range but faces resistance at $40K-$42K.
This week, the cryptocurrency markets displayed a more sophisticated understanding of regulatory and technology risk.
BTC held minor support along a series of lower price highs. Upside appears limited going into the weekend.
The U.S. Securities and Exchange Commission (SEC) sent out a second note to investors urging to reevaluate bitcoin futures-focused funds.