Other cryptocurrencies were similarly in the red as investors offloaded risky bets in a volatile week for global markets
The largest cryptocurrency dropped as much as 7.4% to $38,261, while second-ranked Ether slid below $3,000.
The world's largest cryptocurrency rebounded this week after falling below $40,000 for the first time since September on Monday
The world's largest digital token was up 0.6% to $43,080 on Friday as of 3:46 p.m. New York-time.
Cryptocurrency investment products and funds had net outflows last week totaling a record $207 million, a report said
With a 30% drop, the ProShares Bitcoin Strategy exchange-traded fund, ticker BITO, is now one of many 10 worst performers
Bitcoin declined to three-month lows on Friday as minutes of the latest US Federal Reserve meeting raised possibility the central bank could boost interest rates as soon as March, Barrons reported.
The MSCI All Country stock index was flat at 744.71 points, also down 2% from a record high on Tuesday
Newcomers have been drawn to the promise of quick gains touted by crypto backers, as well as hopes that bitcoin offers a hedge against soaring inflation
Polytrade MD and founder Piyush Gupta said this has come as a giant leap towards the compay's goal of providing real-world borrowers access to low interest and swift financing
The world's largest cryptocurrency was last at $42,700, down 1.7%, having lost 5.2% on Wednesday. A break below last month's trough of $42,000 would make it the weakest since September
Goldman estimates that Bitcoin's float-adjusted market capitalization is just under $700 billion
Those opposed to regulation cited concerns ranging from heavy taxation to a potential outright ban on non-exchange-traded tokens
Bitcoin traded at around $46,100 on Tuesday as of 9:52 a.m. in Hong Kong, up about 0.2% on the day.
The memecoin phenomenon was linked to the 'Wall Street Bets' movement, where retail traders coordinated online to pile into stocks such as GameStop Corp, squeezing hedge funds' short positions
Bitcoin, the world's biggest and best-known cryptocurrency, is down 31% from the year's high of $69,000 on Nov. 10
The token fell as much as 4.5% on Tuesday in Asia and was trading at about $49,100 as of 1:10 p.m. in Singapore
The largest cryptocurrency has advanced some 4% over the past two days and at one point reached $51,524 on Friday in Asian trading
Handle secured immediately; Indian crypto platforms say no significant fluctuation in prices recorded after mischievous tweet