Bitcoin and Ethereum were both largely flat over the last 24 hours of trading, although there is a sense of calm before the storm.
The largest coin by market cap, Bitcoin, was up 0.2% to US$26,492 while Ethereum was down by 0.19% to US$1,836.
Cryptocurrencies went into freefall earlier this week before stabilising after the US Securities and Exchange Commission (SEC) charged two of the largest exchanges, Binance and Coinbase, with multiple breaches of regulation.
Reports today suggest that Binance.US will suspend US dollar deposits, with its banking partners preparing to pause the channels to withdraw US dollars from the exchange.
The US arm of the world’s largest crypto exchange said on Thursday that it is taking “proactive steps” in its transition to a crypto-only exchange for the time being.
Among some of the altcoins, Cardano was down 2.4% to US$0.3179, XRP was up 0.74% to US$0.5242 and Dogecoin was up 0.3% to US$0.0679.