Bitcoin (CRYPTO: $BTC) was trading below $70,000 U.S. on Nov. 13 and headed for a weekly loss of nearly 10% as the selling in cryptocurrencies continues. Bitcoin was changing hands at $69,100 U.S. at week’s end, having dropped 9% in the past five trading sessions. Ethereum (ETH), the second largest cryptocurrency, also continues to struggle and is now trading below the key support level of $2,000 U.S.

Crypto prices have declined for six consecutive weeks amid persistent volatility in the stock market as investors grow increasingly nervous about the artificial intelligence (A.I.) trade.

Bitcoin is also being pressured by steady outflows from exchange-traded funds (ETFs) that track its spot price. Market…