Valentin Fournier, the lead research analyst at BRN, called the slowdown in bitcoin inflows a sign of weaker buyer conviction at elevated levels. Today's consumer price index and Wednesday's producer price index could set the tone for the next price move, he said.

The Bitcoin price, XRP, Ethereum, and other cryptos were falling as the weeklong rally for the world’s largest coin ebbed out.

Bitcoin shattered records this week, surging past $123,100. This new peak arrives as US lawmakers prepare for a pivota

Coinbase's shares jump 15% to all-time high, pushing market value above $100B amid crypto market revival. Coinbase (COIN) surged to a new all-time high of $394.01 on Tuesday, rising 15.21% and pushing its market capitalization past the $100 billion mark.

The crypto market’s move higher has been helped by the slow build of pressure created by bitcoin exchange-traded funds (ETFs) and bitcoin treasury companies led by Michael Saylor’s Strategy, which have been buying up huge swaths of bitcoin and inspiring companies to try creating similar supply pressure by buying ethereum, XRP and others.

GameStop's Ryan Cohen discusses the firm's $500M Bitcoin investment as inflation hedge and possible crypto acceptance for trading cards.

"We sold all our Bitcoin and we did this raise. I actually personally participated in that raise myself with my own savings," Tabar explained to CNBC this week. Bit Digital shares are trading about 82% higher since that raise, which is a win for him and Tether co-founder Brock Pierce who also participated in the round, according to SEC filings.

The cumulative open interest in USDT and dollar-denominated BTC perpetuals on offshore exchanges has risen to 268K, the highest since May. Still, the tally remains locked in the nearly two-year-long range of 200K BTC to 255K BTC. A break out here could mean influx of new money chasing upside.