Bitcoin Sells Off on Bearish Sentiment, Yellen Worries
The sell-off also led to major corrections for other cryptocurrencies including ether, stellar, xrp and chainlink.
University endowments that backed blockchain VCs in 2018 have started buying crypto directly from Coinbase.
With a new chairman to head the SEC, crypto advocates hope a bitcoin ETF will be approved in 2021.
The ether rally appears to be more organic and driven from within the crypto industry.
Coinbase published fresh numbers Friday on how much capital has flowed onto the exchange in recent months.
Uncertainty is leading many to take short-term profit, according to the "Coinbase Premium" indicator.