Risk-off slams crypto; bitcoin headed for weekly drop — TradingView News
RISK-OFF SLAMS CRYPTO; BITCOIN HEADED FOR WEEKLY DROP
Most cryptocurrencies are taking a hard hit on Friday as global markets fretted over the credit quality of U.S. regional banks, with bitcoin briefly hitting a more than three-month low.
The world’s biggest cryptocurrency, bitcoin 
BTCUSD is down 0.5% on the day at $107,333, headed for a more than 6% drop for the week.
Bitcoin’s recent string of losses has knocked it down more than 19% from its record highs, levels last seen just at the start of the month.
“If the concerns in the US regional banking sector are isolated and not a systemic risk, we could see a bounce as investors buy the dip,” said Simon Peters, crypto analyst at eToro.
