Bitcoin is trading near $26,050 in the past 24 hours, its lowest level since mid-June last week, after the biggest digital asset fell near $25,500 in recent trading. Analysts have noted that Bitcoin is vulnerable to further declines if it breaks below key technical levels, including the 200-day moving average.

"We are currently close to $25,200 in funding for our next round," said Katie Stochtcon, managing partner at technology research firm Fairlead Strategies. "Secondary support ... is currently around $20,600."

Before the crypto market crash last week, Bitcoin was in the middle of its lowest volatility ever, lagging behind the excitement of the Dow Jones Industrial Average and the S&P 500 in a volatile stock market. Volatility has now eased, but traders are far from complacent as pricing in the crypto derivatives market suggests an increased cautious position.

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