Bitcoin slid 3% on Friday for the third consecutive session on track for another weekly loss as a cryptocurrency selloff refuses to go away, amid ongoing fears of further government regulations and clampdown on the new business. 

At Bitstamp, bitcoin fell $201, or 3% to $6570 from the opening of $6771, with a session-high at $6850, and a low at $6526. 

Bitcoin shed 0.5% on Thursday, the second loss in a row, and after declining 19% last week, the third weekly loss in a month after Twitter banned cryptocurrency ads alongside Facebook. 

Bitcoin is down 3.6% so far this week, heading for the second weekly loss in a row as investment demand weakens due to a lack of strong incentives to buy while government clampdown concerns persist. 

Market value of cryptocurrencies fell $7 billion to a total of $248 billion, as the value nears $244 billion levels, a November 2017 lows. 

South Korean financial authorities ordered over 10 cryptocurrency platforms to update their contracts with clients after recurrent withdrawal problems. 

Yonhap reported that the Korea Fair Trade Commission ordered 12 cryptocurrency exchanges to amend their contracts after failing to provide adequate protection for clients. 

In Japan, Monex announced the possibility of purchasing struggling Coinchech, one of the largest cryptocurrency platforms in the world, and the site of a $500 million heist earlier this week. 

Monex's stock spiked in Tokyo by 23% after the news to 424 yen. 

The group didn't provide any details on the purchase offer, but the Nikkei publication reported that the deal would be in the billions of yens, with possible details later this week. 

Additionally, Japanese authorities set up a new agency to combat online hacking and heists, with over 500 of analysts and investigators assigned to the agency alone with a focus on cryptocurrencies. 

Yen rose on Friday after plumbing five-week lows yesterday, as demand climbs on safe havens in the market after the latest developments in the US-China trade dispute. 

USD/JPY fell to 107.25 from the opening of 107.37, with a session-low at 106.99, and a high at 107.43. 

Demand resumed on yen as a safe haven after President Donald Trump directed his trade officials to look into imposing tariffs on $100 billion of additional Chinese imports. 

Asian wavered have dithered considerably, while US stock futures and treasury yields took big hits. 

Gold and silver also returned higher as investor hedge against probable risks in the market as the trade dispute threatens to turn to a full war between US and China. 

Now markets await the all-important US payrolls report for March, which would lay the path for the next Federal Reserve interest rate move. 

Litecoin moved in sideways trading on Friday for the second session amid attempt to shake off the recent selloff wave alongside other cryptocurrencies. 

Japanese financial authorities continue to pressure cryptocurrency exchanges after the recent huge $500 million heist on Coincheck earlier this year. 

Experts believe that a lack of network security professionals in Japan is hurting the competitiveness of Japanese exchanges and exposing them to further hacks and heists.  

As the sector grows rapidly, a previously open cryptocurrency market, its shortcoming are becoming clearer and many companies fail to fill up the requirements for regulatory and financial success. 

Litecoin inched down to $118.3 from the opening of $118.78, with a session-high at $120.49, and a low at $117.56. 

Silver opened Friday higher away from two-week lows plumbed yesterday, as demand increases on safe havens following President Donald Trump's statements yesterday. 

Asian stocks were mixed, while yen and gold rose as US stock futures and treasury yields tumbled after Trump directed his trade officials to look into imposing tariffs on $100 billion of additional Chinese imports. 

That led investors again towards safe havens, with silver receiving renewed interest alongside gold and yen. 

Now markets await the all-important US payrolls report for March, which would lay the path for the next Federal Reserve interest rate move. 

Silver rose to $16.38 an ounce from the opening of $16.36, with an intraday high at $16.43, and a low at $16.36.