Bitcoin's price dropped over 8% this week, reaching above $88,000, the lowest since November 15. The decline is attributed to a selloff in risk assets, worsened by economic data deterioration in the US and political uncertainties linked to Trump's tariff threats. Other cryptocurrencies like Ethereum, Cardano, and Solana also fell by more than 10%. A significant hack on the Dubai-based exchange Bybit, resulting in a loss of nearly $1.5 billion in Ether, has further shaken investor confidence in cryptocurrencies.