Bitcoin slides Friday as risk-off mood persists, but majors hold weekly gains

Bitcoin and the broader crypto market declined on Friday, with Bitcoin trading around $67,766, as traders de-risked in line with equities after a pullback driven by Nvidia's earnings report. Analysts suggest this drop is likely a leverage flush and positioning cleanup rather than a structural trend reversal, noting that the selling pressure occurred overnight and buyers have since re-entered the market. CEO Daniel Reis-Faria of ZeroStack explained that Bitcoin is currently trading like a macro asset, following the Nasdaq's dip after the earnings news. Despite the daily losses, major cryptocurrencies largely maintained their weekly gains; Cardano led with a 7% weekly rise, followed by Solana (5.5%), Ethereum (4.8%), and BNB (4.3%), indicating underlying appetite for altcoins. XRP was the exception, declining over the week. The context includes a strong performance in Asian equities, but Reis-Faria maintains that until consistent new demand emerges, Bitcoin will continue to mirror equity market pullbacks.

(Source：CoinDesk)