$BTC Plunges Below $84K after $115B Sell-Off Wipes Out Weekly Gains.

$ETH hit its weakest price against bitcoin in almost five years as macroeconomic concerns added pressure to risk assets.

The crypto market saw a sudden downturn on Friday, erasing gains from earlier in the week. Bitcoin fell to $83,800, while the CoinDesk 20 Index declined 5.7% with AVAX, NEAR, POL, UNI and SUI leading losses.

The drop in crypto coincided with a sell-off in U.S. stocks due to poor economic data, with crypto-focused stocks also suffering heavy losses.

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