The Daily: Crypto selloff deepens, JPMorgan blames retail BTC and ETH ETF outflows, 24-hour liquidations top $2 billion, and more

Bitcoin is trading near $84,000, recovering after plunging to new local lows of approximately $80,500 earlier on Friday, triggered by stronger-than-expected U.S. jobs data.JPMorgan analysts said the latest crypto correction is being driven mainly by retail outflows from spot Bitcoin and Ethereum ETFs, with about $4 billion pulled from the funds so far in November.