Bitcoin, ether eye worst weekly rout since FTX collapse as cryptos shed $390 billion
Cryptocurrency markets experienced a massive sell-off this week, with Bitcoin and Ether seeing their largest weekly declines since the 2022 FTX collapse. The market lost approximately $390 billion in value, driven by ETF outflows, leveraged liquidations, and broader macroeconomic fears.
Why it matters
This significant drawdown highlights the continued volatility of digital assets and the impact of institutional investment trends on market stability.
Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin, ether eye worst weekly rout since FTX collapse as cryptos shed $390 billion A week that began with Strategy s bitcoin sale ended with one of the largest crypto market drawdowns in years. By Krisztian Sandor | Edited by Nikhilesh De Jun 6, 2026, 7:58 p.m. 3 min read Make preferred on (Josep Castells/Unsplash) What to know : In a brutal week for crypto markets, bitcoin and ether are on track for their biggest weekly losses since the FTX collapse in November 2022. The crypto market lost roughly $390 billion in value as nearly $7 billion in leveraged positions were liquidated. Heavy ETF outflows, Strategy s bitcoin sale, increased competition from AI investments and Fed rate hike fears all weighed on crypto through the week. Crypto investors endured one of their toughest week in years as a wave of selling wiped out hundreds of billions of dollars from digital asset markets.
The article relies on market data and financial reporting to describe the downturn.
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