Lesser-known cryptocurrencies like Binance Coin and VeChain managed to score gains this week, despite the broader market sell-off.
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.
Bitcoin hit a one-month low on Wednesday as its price slipped below $8,300 during afternoon trading.
The bulls' failure to capitalize on bitcoin's recent price recovery has left the doors open for a sharp sell-off to February lows.
Bitcoin's corrective rally from Friday's low of $8,371 seems to have legs, but gains above $10,000 may be transient.
Bitcoin's 28 percent drop this week has turned the tide in favor of the bears, but a sustained break below $8,000 looks unlikely in the short-run.
Bitcoin's price dropped sharply for the second day in a row, despite recovering to past $10,000 after Wednesday's fall.
NEM's XEM token is solidly bid following the Japanese exchange's announcement that it will commence refunding hacked users next week.
Bitcoin has moved back up to the $10,000 mark, but the technical recovery will likely be short-lived, according to the technical charts.