Bitcoin Falls 17.3%, Ethereum Drops 22% This Week; Crypto Market Cap Erases $390B

BTC0.51%
ETH0.07%
According to CoinDesk, Bitcoin fell 17.3% this week while Ethereum declined 22%, marking the largest single-week drops for both assets since November 2022 following the FTX collapse. The broader digital asset market shed approximately $390 billion in value over the period, with total crypto market capitalization hovering above $2 trillion—less than half of October's peak of $4.2 trillion. Data from CoinGlass showed roughly $7 billion in leveraged positions were liquidated during the week, with approximately $5.7 billion in long positions affected. Monday and Friday saw the most severe sell-offs.
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