Market Wrap: Bitcoin Drops Ahead of Looming ‘Death Cross’
Bitcoin’s "death cross" could increase selling pressure into the weekend.
BTC is down about 22% over the past seven days.
China's central bank says institutions must not provide trading, clearing and settlement for crypto transactions.
Bitcoin’s near 50% decline from all-time highs surprised analysts as China’s crackdown fueled bearish sentiment.
A statement posted on its website citing guidance from the People's Bank of China was subsequently deleted.
The company is the latest U.K. bank to act to crack down on cyber-crime.