Internet reports reported that Bitcoin fell to around US$80,000 in the Asian market on Friday, the lowest level since November 11. Chris Newhouse, research director at Cumberland Labs, pointed out that "tariff policies have further suppressed market prospects, while stubborn high and short-term inflation expectations have intensified overall caution. The Bybit Exchange hack has put additional downward pressure on prices and has had a negative impact on market sentiment." Cryptocurrencies are also facing increased pressure from investors to shift in risk appetite, who have withdrawn Trump-related deals in multiple markets. The S & P 500 fell this week after sluggish U.S. consumer confidence data raised questions about the economic outlook.