Bitcoin (BTC) is extending its downside momentum at the time of writing on Friday, slipping below the critical $84,450 support level as a confluence of macroeconomic headwinds and risk-off sentiment grips global markets.

The King of Crypto is down over 2% intraday and over 8% from its weekly high at $90,600, triggering a cascade of liquidations across the crypto market. Ethereum (ETH) and Ripple (XRP) mirror BTC’s weakness, with both altcoins surrendering key technical levels amid intense bearish pressure.

BTC, ETH, XRP sell-off amid broader market risk-off sentiment

Bitcoin’s sell-off kicked off on Thursday, as risk-off sentiment spread across global markets after the Federal Reserve (Fed) paused its monetary policy easing cycle,…