Bitcoin and ether are on track for their worst weekly performance since the FTX collapse, as the cryptocurrency market has shed approximately $390 billion in value.
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Bitcoin, Ether Face Steepest Weekly Drop Since FTX Collapse
IN SHORT
Bitcoin and ether are on track for their worst weekly performance since the FTX collapse, as the cryptocurrency market has shed approximately $390 billion in value.
Frequently asked questions
The total cryptocurrency market has shed approximately $390 billion in value, with Bitcoin and Ether facing their steepest weekly declines since the FTX collapse.
The last comparable market downturn occurred around the time of the FTX exchange's collapse.
The week's downturn was reportedly initiated by a significant sale of Bitcoin early in the week.