Cryptocurrencies
Bitcoin Drop Sets Up First Back-to-Back Weekly Loss Since March
- The largest digital token has unwound some of its 2023 rebound
- Bitcoin’s moves are breaking away from swings in other assets
This article is for subscribers only.
Bitcoin extended its downturn, putting the coin on pace for a consecutive weekly decline as it gives back some of its 2023 gains.
The largest digital asset fell as much as 3.2% on Friday to around $26,100, and is staring down its first back-to-back weekly losses since March, according to data compiled by Bloomberg. Second-ranked Ether and a gauge of the top 100 tokens also declined on Friday.