Key Points
Bitcoin closed down 2.1% Friday, and is down more than 10% for the week.
Other cryptocurrencies also experienced significant declines, with Ethereum falling 3.7%, Solana 4.8%, and XRP 3.3% over the 24 hours ending at 4 p.m. Friday.
The crypto market downturn is attributed to investor expectations that the Federal Reserve will not cut interest rates and a rotation out of risk assets.$SOL
SOL
137.59
-1.49%
XRP
2.0585
-2.45%
