The CoinDesk 20 index declined 0.8 percent to 1975.1. Bittensor and Internet Computer led the losses among the tracked assets.
The broad-based index traded lower after closing at 4 p.m. ET on Thursday. Three assets in the group advanced while the rest declined or held steady.
Reported by AI Image generated by AI
Bitcoin and Ether posted their steepest weekly declines since the 2022 FTX collapse as the broader crypto market shed roughly $390 billion in value. The selloff followed a strong U.S. jobs report and mounting concerns over interest rates and competition from AI investments.
Bitcoin stayed above 80,000 dollars on Friday while altcoins led gains across crypto markets. Coinbase shares recovered 10 percent from session lows after the exchange reported a quarterly loss.
Reported by AI
Bitcoin dropped below $67,000 on Tuesday, marking its lowest level since April. The decline triggered nearly $400 million in liquidations within an hour and over $1 billion over 24 hours. Analysts linked the selloff to capital shifting toward AI-related equities and heavy outflows from Bitcoin ETFs.