Bitcoin (BTC) fell below $107,500, down 7% for the week, as other tokens like XRP and ETH also saw losses. Outflows of over $500 million from U.S.-listed ETFs added to liquidity stress in the financial system, while technical charts suggest BTC could drop below $100,000 soon.

Wall Street futures dropped 1% as banking shares weighed down the S&P 500. Fraud-linked loan exposure at Zions Bancorp and Western Alliance Bancorp raised concerns about a larger fraud in the system, sparking risk-off sentiment and boosting bond demand.

U.S. 10-year Treasury yield hit a multi-month low at 3.94% as demand for bonds rose amid risk-off sentiment. The Philadelphia Fed Manufacturing Index plummeted 36 points to –12.8, indicating economic softening and increasing demand for longer-dated Treasury notes.

Read more at Yahoo Finance: Bitcoin Slips Below 200-day SMA as 10-Year Treasury Yield Hits Lowest Since April