Leading cryptocurrencies such as Bitcoin (CRYPTO: $BTC) and Ethereum (CRYPTO: $ETH) ended the week in the red as the stock market turned lower and Treasury yields jumped. 

Bitcoin, the largest cryptocurrency by market capitalization, was down 3% and trading around $79,500 on the afternoon of May 15. BTC is down from a high of $82,000 in recent days and is leading the downturn in digital assets.

Other cryptocurrencies, including Ethereum, were down about 4% on the day. ETH was trading as low as $2,220 as the entire market fell from its recent highs. Analysts say risk assets such as stocks and crypto are selling off amid raised expectations for interest rate hikes.

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