Bitcoin extends slide, heads for worst week since March 2020
Bitcoin fell heavily on Friday and was heading toward its sharpest weekly drop since last March, as worries over its technology and regulation extended a pullback from recent record highs.
The world's most popular cryptocurrency fell more than 5 percent to an almost three-week low of $28,800 in the Asia session, before steadying around $30,000. It has lost 15 percent so far this week, the biggest drop since a 33 percent fall in March.
Traders said a report posted to Twitter by BitMEX Research, suggesting that part of a bitcoin may have been spent twice, had hurt confidence in the technology underlying the asset class and also that a pullback was overdue after a huge rally.