The MSCI All Country stock index was flat at 744.71 points, also down 2% from a record high on Tuesday
Newcomers have been drawn to the promise of quick gains touted by crypto backers, as well as hopes that bitcoin offers a hedge against soaring inflation
Polytrade MD and founder Piyush Gupta said this has come as a giant leap towards the compay's goal of providing real-world borrowers access to low interest and swift financing
The world's largest cryptocurrency was last at $42,700, down 1.7%, having lost 5.2% on Wednesday. A break below last month's trough of $42,000 would make it the weakest since September
Goldman estimates that Bitcoin's float-adjusted market capitalization is just under $700 billion
Those opposed to regulation cited concerns ranging from heavy taxation to a potential outright ban on non-exchange-traded tokens
Bitcoin traded at around $46,100 on Tuesday as of 9:52 a.m. in Hong Kong, up about 0.2% on the day.
The memecoin phenomenon was linked to the 'Wall Street Bets' movement, where retail traders coordinated online to pile into stocks such as GameStop Corp, squeezing hedge funds' short positions
Bitcoin, the world's biggest and best-known cryptocurrency, is down 31% from the year's high of $69,000 on Nov. 10
The token fell as much as 4.5% on Tuesday in Asia and was trading at about $49,100 as of 1:10 p.m. in Singapore
The largest cryptocurrency has advanced some 4% over the past two days and at one point reached $51,524 on Friday in Asian trading
Handle secured immediately; Indian crypto platforms say no significant fluctuation in prices recorded after mischievous tweet
This year saw a number of big fund managers and pensions start to dabble in crypto, while numerous big-name investors famed for their financial markets acumen have also gotten involved
Bitcoin rose 1.5% in early Asia on Tuesday, after firming overnight in line with equity markets and other risk assets, but many crypto traders remained on edge after Saturday's sharp and sudden plunge
Traders said the weekend fall was connected with the broad move away from riskier assets in traditional markets over worries about the Omicron variant
Bitcoin was 12% down at 0920 GMT at $47,495
The largest digital token fell as low as $42,296 before paring some of the tumble
Bitcoin plunged 5.5% to $53,435.9 at 22:04 GMT on Friday, losing $3,112.06 from its previous close.
The S&P 500 index has more than doubled since its pandemic lows of March last year, while Bitcoin is up over 1000%
"If I weren't at Square or Twitter, I'd be working on bitcoin," Jack Dorsey had said at a packed Miami conference in June