Over $5.7 billion in crypto long positions were liquidated in seven days as Bitcoin and Ether posted their worst weekly performance since the FTX collapse.

Bitcoin plunged below $60,000 for the first time since October 2024, extending losses in what has become its worst week since November 2022. Sentiment deteriorated further into…

A week that began with Strategy's bitcoin sale ended with one of the largest crypto market drawdowns in years.