Some see the cryptocurrency's slide as a sign that investors are growing averse to risk.
The cryptocurrency suffered another bout of its notorious volatility.
Smaller tokens such as Ether and meme-crowd favorite Dogecoin also pushed higher.
Optimists argue spot bitcoin funds will help spur wider crypto adoption.
Bitcoin, Ether and other major tokens have steadied this week, a hiatus from the selloff sparked by FTX
Crypto lender BlockFi will reportedly declare bankruptcy within a few days.
Other findings from the BIS included that some 40% of app users were men under 35 and that less than 35% of all users globally were female.
Bitcoin, the biggest digital token by market value, has sunk about $50,000 from a peak of nearly $69,000 hit in November.
There's a growing sense of worry that financial markets have become too optimistic.
The action comes as the token struggles to recover from last month's dramatic rout.