Bitcoin, ether eye worst weekly rout since FTX collapse as cryptos shed $390 billion
60-second summary
Bitcoin and ether are experiencing their worst weekly rout since the FTX collapse, with the crypto market shedding a staggering $390 billion in value. The downturn began with a large-scale bitcoin sale by Strategy, a prominent market player.
A week that began with Strategy's bitcoin sale ended with one of the largest crypto market drawdowns in years.