Bitcoin Jumps 5% as El Salvador Braces for Crypto Law, $30 E-Wallet Airdrop
Bitcoin's jump coincides with announcements made by El Salvador's president on Thursday evening.
Should the cryptocurrency close at or below current prices, that would represent the steepest weekly sell-off since June 14.
Intraday volume for the world's oldest cryptocurrency remains considerably lower than weeks past.
Sunday's price rise follows an unconfirmed report Amazon is looking to accept bitcoin payments by year's end.
The daily chart for bitcoin shows prices have been caught between $36,000 and $31,000 since at least June 21.
Weak trading volume points to a lack of institutional and retail interest, according to one expert.