Bitcoin set for biggest weekly fall since FTX collapse in 2022
Bitcoin hit its lowest since November and was set for its biggest weekly fall in over two years, swept up in a sell-off in tech stocks at a time when a $1.5 billion hack and doubts about U.S. crypto policy has left industry sentiment fragile. The world's largest cryptocurrency by market value dropped as much as 7% on Friday to $78,273, its lowest since November 10 and on track for a fifth straight day of declines. Bitcoin typically trades loosely in line with assets like tech stocks that rise when investors are optimistic about economic growth.