A selloff for bitcoin and other cryptocurrencies showed no signs of letting up on Friday, and investors were watching closely as selling for those assets is increasingly being viewed as predictive for where the broader stock market is headed.

The price of bitcoin

BTCUSD fell over 3% on Friday to $82,980, hitting a session low of $81,618 so far and pushing deeper into April lows. On Thursday, the No. 1 cryptocurrency hit an intraday low of $86,010, the lowest level since April 21, when it hit $84,633, according to Dow Jones Market Data.