Bitcoin has shed more than 16% over the past week, trading near $61,771 and approaching the February low. Ethereum has taken the harder hit, dropping to $1,651 — down 7.92% on the day. Total crypto market cap sits at $2.24 trillion with BTC dominance at 55.4%, and the Fear & Greed Index has slid to 12, deep into extreme fear territory.
Why it matters
Three pressures are converging on the market. Spot Bitcoin ETF outflows have now stretched into a 13-day streak, with roughly $4.3 billion exiting the funds over that window. Strategy disclosed its first Bitcoin sale, crystallizing an estimated $10.8 billion mark-to-market loss on its treasury position. And the macro calendar is tightening — Friday's U.S. jobs report will set the odds for the Fed's next move, and traders are de-risking into the print.
Market impact
The altcoin tape is fractured: Zcash plunged roughly 30% after Shielded Labs disclosed a major bug that sat undetected in the protocol for four years, a structural blow to the privacy-coin thesis. The small-cap gainers list is dominated by micro-cap names (Bitway +205.8%, Zest Protocol +88.3%, Opinion +36.5%, QAIT +34.8%) — thin liquidity, no broad-based bid. Funding activity remains quiet, with Mintscan taking a Cosmos-backed M&A round, Wasabicard closing a $10M pre-Series A, and Paypercut raising $5.8M in seed. Until the jobs print clears, the path of least resistance is still lower.
Source: [source](http://telegraph.controller.bot/files/8336652911/AgACAgIAAxkBAAI39GoieHIen-8ogHjVTON7_GHwPh_tAALLGWsb86kYSZSPsNiDQQyHAQADAgADeQADOwQ)
Frequently asked questions
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Why is Bitcoin dropping this week?
Bitcoin has fallen more than 16% over the past week on three converging pressures: spot BTC ETF outflows have stretched into a 13-day streak with roughly $4.3B exiting the funds, Strategy disclosed its first Bitcoin sale with an estimated $10.8B mark-to-market loss on its treasury, and traders are de-risking ahead of…
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What is the current Bitcoin price and how low could it go?
Bitcoin is trading near $61,771, approaching its February low. Total crypto market cap sits at $2.24T with BTC dominance at 55.4%, and the Fear & Greed Index has slid to 12 — deep into extreme fear territory.
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How much have spot Bitcoin ETFs lost in recent outflows?
Spot Bitcoin ETF outflows have stretched into a 13-day streak, with roughly $4.3 billion exiting the funds over that window, adding persistent sell pressure to the market.
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What happened with Strategy's Bitcoin holdings?
Strategy disclosed its first Bitcoin sale, crystallizing an estimated $10.8 billion mark-to-market loss on its treasury position — a notable shift for the largest corporate BTC holder.
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Why did Zcash drop 30%?
Zcash plunged roughly 30% after Shielded Labs disclosed a major bug in the protocol that had gone undetected for four years, a structural blow to the privacy-coin thesis and a reminder of the technical risk in older chains.
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