Bitcoin plummeted to $81,900, erasing Thursday’s gains and continuing a month-long decline wiping out $1.4 trillion from the crypto market. Analysts predict further losses due to risk-off sentiment and market volatility tied to the US government shutdown.

Investors are uneasy as Bitcoin falls below $82,000 amid concerns over interest rate cuts and mixed economic data. Cracks within the Federal Reserve widen as officials signal caution, raising doubts about a rate cut in December.

US stock market saw major declines with Nasdaq dropping 2.1% and S&P 500 falling 1.5%. Nvidia’s rally fizzled as AI-bubble fears resurfaced. Bitcoin down 10.8% at $82,018, while Ethereum down 10.9% at $2,700. Market volatility continues with uncertainty looming.

Read more at Yahoo Finance: BlackRock clients dump Bitcoin as price hits $81,900. Here’s why analysts say the $3.8bn ETF flush will only get worse