MarketPR
Bitcoin ($BTC) recorded its steepest weekly decline since the 2022 FTX collapse, shedding roughly 17.3% and at one point sliding below $60,000.
The broader selloff erased approximately $390 billion in total crypto market value, with ether falling around 22% — both the worst weekly drops since the exchange implosion that defined the last bear cycle.
The Mechanics of the Move The $390 billion figure captures market-cap destruction across the asset class, not a single position unwinding.
Bitcoin's 17.3% weekly slide and ether's steeper 22% loss suggest the selling pressure hit altcoins harder — a pattern consistent with risk-off liquidations that start in the larger-cap assets and accelerate down the cap table.
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