Bitcoin is on track for its biggest weekly fall since the FTX collapse in 2022, with a 16% drop in the past week alone. On Friday, it hit its lowest since November at $78,273, a 7% decline ¹ ². This downturn is part of a broader sell-off in tech stocks, exacerbated by a $1.5 billion hack and uncertainty surrounding US crypto policy.

The crypto market has lost nearly half a trillion dollars in just one week, according to Coingecko ¹. Matt Simpson, senior market analyst at City Index, attributes this decline to inflationary pressures, crumbling growth prospects, and Trump's tariffs. With Trump's attention focused elsewhere, bitcoin traders are growing increasingly dissatisfied ¹.

This bearish trend may continue, with some analysts predicting a potential drop to $70,000 ³. Bitcoin's price has been highly volatile, and investors are withdrawing their holdings from crypto exchanges at an unprecedented rate, reaching levels not seen since the FTX collapse ⁴. #BTC $BTC