Bitcoin · Strategy · Federal Reserve (FED) · CoinDesk
Bitcoin, ether eye worst weekly rout since FTX collapse as cryptos shed $390 billion
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Crypto investors endured one of their toughest week in years as a wave of selling wiped out hundreds of billions of dollars from digital asset markets.
Key facts
- Despite a modest stabilization on Saturday, both assets remained near their lows, with BTC trading above $60,000 and ETH changing hands around $1,550
- Bitcoin BTC $ 61,267.78 fell 17.3% this week while ether (ETH) dropped 22%, putting both assets on track for their largest weekly declines since November 2022, when the collapse of Sam
- The digital asset market shed roughly $390 billion in value during the week, leaving total market capitalization hovering above $2 trillion, according to TradingView data
- U.S. Treasury bond yields surged, while the Nasdaq 100 suffered its worst day since the tariff-driven selloff in April 2025, snapping a record-setting rally that had fueled much of Wall Street's
Summary
In a brutal week for crypto markets, bitcoin and ether are on track for their biggest weekly losses since the FTX collapse in November 2022. The crypto market lost roughly $390 billion in value as nearly $7 billion in leveraged positions were liquidated. Heavy ETF outflows, Strategy's bitcoin sale, increased competition from AI investments and Fed rate hike fears all weighed on crypto through the week. Bitcoin BTC $ 61,267.78 fell 17.3% this week while ether (ETH) dropped 22%, putting both assets on track for their largest weekly declines since November 2022, when the collapse of Sam Bankman-Fried's FTX exchange triggered a market-wide panic.