Bitcoin sank for a fourth consecutive trading session, part of a wider crypto selloff that contrasts with recent record highs in global stocks.The digital asset fell as much as 8.1% to hit the lowest since February,

Bitcoin sank to a four-month low on Friday and was on course for its worst weekly performance in a year, hurt by uncertainty over whether Joe Biden will remain the Democrats' U.S. presidential candidate and by worries about potential increases in crypto supply.

The price of Bitcoin hit a four-month low, while other cryptocurrencies also dipped into the red, causing $588 million in liquidations.