Crypto Market Loses $390 Billion as Bitcoin and Ethereum Post Biggest Weekly Drops Since FTX Collapse

The cryptocurrency market suffered one of its most difficult weeks in years as a broad selloff erased nearly $390 billion from the digital asset sector. Bitcoin (BTC) plunged 17.3% over the week, while Ethereum (ETH) dropped 22%, marking their steepest weekly declines since November 2022, when the collapse of FTX triggered a major crypto market crash. Although prices showed signs of stabilization over the weekend, Bitcoin remained just above $60,000 and Ethereum traded near $1,550. The broader crypto market capitalization fell to slightly above $2 trillion, a sharp decline from the nearly…  Read more

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