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.

Ticker Security Last Change Change % IBIT ISHARES BITCOIN TRUST - USD ACC 53.48 -2.12 -3.80% FBTC FIDELITY WISE ORIGIN BITCOIN FUND - USD ACC 82.18 -3.25 -3.80% GBTC GRAYSCALE BITCOIN TRUST ETF - USD ACC 73.78 -2.90 -3.78%

The negative sentiment to

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