Analysts are predicting how deep the bitcoin price correction could go and if it will escalate into a full blown market

Other firms expanding into the crypto space, such as Robinhood, have also benefited from recent SEC relief, which this month resulted in an end to an investigation into its crypto business. As of this writing, Robinhood's stock price has risen to $48.86.

Cryptocurrency-linked stocks are dropping Friday, after bitcoin fell to around $80,000, bringing the token to more than a quarter off its January peak.