Ether's technical recovery from the 100-day low hit yesterday looks to be a "dead cat bounce."
Bitcoin's corrective rally may gather traction, however, the overall outlook remains bearish as long as prices stay below $11,700.
The bankruptcy trustee for the defunct Mt. Gox exchange has denied that the sale of $400 million in BTC and BCH caused the recent drop in prices.
Lesser-known cryptocurrencies like Binance Coin and VeChain managed to score gains this week, despite the broader market sell-off.
Bitcoin may see a corrective rally following losses this week, but it still looks too early to call a bottom.
Mobile wallet startup Abra has today announced it is expanding the number of cryptocurrencies it supports to 20 from just two currently.
South Korean prosecutors reportedly raided the offices of three cryptocurrency exchanges on suspicion of siphoning off funds from customers' accounts.
Bitcoin looks set to revisit November lows after dropping below $8,000, but a minor corrective rally looks to be in the offing beforehand.
The price of bitcoin fell below $8,000 during early-hours trading on Thursday, its lowest total since early February.
Cryptocurrency exchange CoinfloorEX announced it would offer bitcoin futures contracts as of April 2018.