Bitcoin Pulls Back Amidst Broader Risk-Off Sentiment

Bitcoin's price took a hit on Friday, slipping 1.5% below its previous day's value, but still holding onto a weekly gain of 0.6%. The decline is attributed to the broader risk-off sentiment in the market, following Nvidia's earnings-driven pullback.

The crypto market as a whole is experiencing losses, with most major tokens posting declines over the last 24 hours. However, experts note that this move appears more like a leverage flush than a structural breakdown, suggesting that buyers have quietly stepped back in at these levels.