Bitcoin and Ethereum face the largest weekly drop since the FTX collapse, with the crypto market shedding approximately $390 billion in value. Both Bitcoin (BTC) and Ethereum (ETH) are on track for their steepest weekly declines since November 2022, with BTC down 17.3% and ETH down 22%. This sell-off has erased around $390 billion from the total cryptocurrency market capitalization, and approximately $7 billion in leverage has been liquidated across the network. Analysts attribute the current market downturn to a combination of factors, including recent minor sales of BTC by Strategy, which have unsettled market confidence, and a capital rotation into prominent AI stocks, creating a "bleeding effect" on the crypto market, according to CoinDesk.
#crypto #blockchain #news #BTC #Bitcoin
Blockchain Report
npub1cg…nmysr
2026-06-07 06:14:34 UTC
Author Public Key
npub1cg2ejqexhx88llcve0yxts2exv5q9k0a88l69q0vp7y5n0f2xyfscnmysrPublished at
2026-06-07 06:14:34 UTCEvent JSON
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"content": "Bitcoin and Ethereum face the largest weekly drop since the FTX collapse, with the crypto market shedding approximately $390 billion in value. Both Bitcoin (BTC) and Ethereum (ETH) are on track for their steepest weekly declines since November 2022, with BTC down 17.3% and ETH down 22%. This sell-off has erased around $390 billion from the total cryptocurrency market capitalization, and approximately $7 billion in leverage has been liquidated across the network. Analysts attribute the current market downturn to a combination of factors, including recent minor sales of BTC by Strategy, which have unsettled market confidence, and a capital rotation into prominent AI stocks, creating a \"bleeding effect\" on the crypto market, according to CoinDesk.\n\n#crypto #blockchain #news #BTC #Bitcoin ",
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