Bitcoin slid back toward $65,000 on Friday as investors pulled away from riskier assets, worried about persistent inflation, artificial-intelligence disruption and troubles related to private credit.
The largest cryptocurrency fell as much as 3.5% to $65,124 in New York trading. Bitcoin has swung widely this week. On Wednesday, the token climbed toward $70,000 for the first time since Feb. 16, buoyed by a broad rebound in risk assets. It has since erased most of those gains.