The world's largest cryptocurrency by market capitalization has depreciated by 3.47 percent in the last 24 hours, according to data source OnChinaFX.

On Coinbase's GDAX exchange, BTC was last seen changing hands at $10,822. So, week-on-week, the cryptocurrency is largely unchanged – indicating a failure on the part of the bulls to capitalize on the sharp recovery from the Jan. 17 low of $9,005.