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Bitcoin slipped to two-week lows below $45,000 shortly before press time Friday, with the risk jitters felt on Wall Street the day before reverberating across the globe.

The cryptocurrency fell to $44,279 at 7:40 UTC – the lowest level since Feb. 11 – having failed to keep gains above $50,000 for the second straight day on Thursday, according to Coindesk 20 data.

At the current price of $44,300, bitcoin (BTC, -5.26%) is down more than 5.66% on the day and has lost 22% so far this week. If these loses are held through Sunday’s UTC close (23.59 hrs), the resulting weekly drop would be the biggest since the second week of March 2020 when prices tumbled by 33%.

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