Bitcoin’s bear market week

Bitcoin continued its freefall on Friday to end a volatile week, settling into a bear market. The largest cryptocurrency by market value is down over 20% from its all-time high of $126,272 reached in October and breaking key technical levels by falling below $100,000, as noted by investor Louis Navellier, whose firm bears his name. The largest exchange-traded funds that track bitcoin took a beating this week, with iShares Bitcoin Trust ETF, Fidelity Wise Origin Bitcoin Fund and Grayscale Bitcoin Trust ETF falling more than 8% apiece. THE ETF REPORT: NEWS & ANALYSISThe negative sentiment to