$BNB

Other cryptocurrencies also fell along with Bitcoin and were headed for weekly losses. Demand for speculative assets remained subdued after the Fed adopted a hawkish stance, raising liquidity concerns.

Ether, the world's No. 2 cryptocurrency, was down 1.5% at $3.3379.39, after falling nearly 5% the day before.

XRP, the world's No. 3 cryptocurrency, fell 2.8% to $2.2187 and was on track to fall nearly 4% for the week.

Solana fell 1.7% and Polygon lost 1%, while Cardano fell more than 8% to $0.8965. Among meme tokens, Dogecoin fell 2.6%.