BTC Logs Worst Week Since 2024 as Price Slides Near $62,500
BTC is off 14.5% and ETH 17% on the week — ether now sits one break away from 2022 bear-market lows after a $1.2B liquidation cascade compounded the capital-rotation drag from AI IPOs.
Ethereum is a decentralized, open-source blockchain platform designed to support smart contracts and decentralized applications without the control of any central authority. Often described as a programmable global computer, it allows developers to build a wide range of on-chain services, from financial protocols and NFT marketplaces to gaming platforms, using self-executing programs written primarily in Solidity. These smart contracts run on the Ethereum Virtual Machine, which is maintained by a global network of independent nodes. The native asset, Ether (ETH), functions as the network's currency. It is used to pay transaction fees, commonly referred to as gas, and must be staked by validators who propose and confirm blocks. In September 2022, Ethereum transitioned from Proof of Work to Proof of Stake through an event known as the Merge, reducing its energy consumption by more than 99 percent. An earlier upgrade, EIP-1559, introduced a fee-burning mechanism that can offset issuance during periods of high activity. Ethereum was proposed in 2013 by Vitalik Buterin, alongside several co-founders, and launched in July 2015. It belongs to the Smart Contract Platform and Layer 1 categories, and remains the largest ecosystem for decentralized application development.
BTC is off 14.5% and ETH 17% on the week — ether now sits one break away from 2022 bear-market lows after a $1.2B liquidation cascade compounded the capital-rotation drag from AI IPOs.
Another wallet — 0x466a — added 20,201 $ETH an hour later, borrowing 34M $USDT from Aave to do it. Two coordinated dip-buyers, both underwater.
The leverage is cleared and funding has reset, but ETF outflows just hit a 13-session streak and exchange inflows flipped positive after the bounce — the voluntary sellers are still working through…
The structure borrows from MicroStrategy's BTC playbook but uses a perpetual preferred — a lever that Matt Hougan warns stays benign only if management knows when to stop.
A $3M bitcoin print and a $19M ether print — both driven by BlackRock — ended the longest redemption runs since launch, but the inflows are statistical noise against $4.4B of prior outflows and a…
The end of the longest ETH ETF outflow run since launch arrives the same day Bitcoin ETFs also break a 13-day drought — a synchronized turn that rarely shows up by coincidence.
The drawdown is approaching February's low, with Strategy's first disclosed Bitcoin sale and persistent spot ETF outflows compounding the pressure ahead of Friday's U.S. jobs print.
Over $500 million was liquidated from the cryptocurrency market in the span of a single hour, a cascade that swept…
Ethereum slipped below the $1,700 mark, a level that has served as a key psychological and technical support zone for…
The trigger was a Broadcom chip miss, but the real story is the structural bid leaving the market: 13 straight sessions of spot BTC ETF outflows and Strategy's first disclosed sale since 2022.
Strategy alone absorbed $11B of the wipeout, with Bitmine and SharpLink's $ETH treasuries adding another $11B — the first stress test for the corporate-treasury trade.
A 24-hour cascade hit markets hard: over $1.1B in liquidations, a critical Zcash counterfeiting flaw, and a House panel teeing up crypto tax legislation.
The intra-Bankless debate matters because it surfaces the unresolved tension every ETH holder is pricing: Ethereum's architecture is explicitly designed to minimize value capture — which is exactly…
A regulated real-world-asset product plugged directly into a $6B-plus DeFi app puts institutional yield behind a self-custodial frontend — the bridge TradFi and crypto both keep saying they want.
Ether.fi has allocated $100 million to a Plume Network real-world asset vault, opening a new yield channel for its…
The 1D outflows aren't the real story — a seven-day stretch that has stripped $2.05B across the three products is the kind of withdrawal cadence that resets positioning for the next leg.
A wallet identified by the address prefix 0x293a, inactive for three years, received 10,000 ETH roughly an hour ago and…
The first provider to bring full-history on-chain analytics into Snowflake's warehouse, with append-only point-in-time data that finally makes crypto backtests survivable to a quant audit.
Nearly $2.7B left spot BTC and ETH ETFs over two weeks while XRP, Solana and HYPE funds absorbed the bid — the signal is rotation, not retreat.
Bitcoin's month-long slide is the headline, but the altcoin tape is doing the real damage — BCH, PENGU and PI all down more than 27% on a drawdown BTC itself hasn't matched.
Ethereum is a global, open-source platform for decentralized applications.
Ethereum (ETH) launched on 2015-07-30.
Ethereum (ETH) is categorised as: Smart Contract Platform, Layer 1 (L1), Ethereum Ecosystem.
The official Ethereum site is https://www.ethereum.org/.
Most recent Ethereum coverage: "BTC Logs Worst Week Since 2024 as Price Slides Near $62,500" — read at /en-US/a/crypto-posts-worst-week-since-july-2024-as-btc-eth-near.