Bitcoin fell sharply this week as investors stepped away from risky bets and piled into gold, based on reports from market outlets. Bitcoin slipped more than 5% to about $105,105 on Friday, extending a slide that left it roughly 13% below an October 6 peak near $126,000. Reports show crypto liquidations were heavy, adding to selling pressure in the market.

Safe Haven Bets Favor Gold

Gold, by comparison, climbed to fresh records. Spot gold pushed above $4,300 an ounce and hit a session peak near $4,312, while US futures briefly traded around $4,328.70, figures that reflect a broad rush into traditional stores of value as investors weigh economic and geopolitical risks. Some reports say gold is on track for its biggest weekly gain since…