Crypto's worst week since July 2024 deepens as bitcoin, ether near critical price levels

Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Crypto s worst week since July 2024 deepens as bitcoin, ether near critical price levels Crypto is on course for its worst week since July 2024, with the ether price approaching a critical support as a zcash exploit and AI capital rotation pile on the pressure. By Oliver Knight , Saksham Diwan | Edited by Sheldon Reback Jun 5, 2026, 10:39 a.m. 3 min read Make preferred on Bitcoin price (CoinDesk Data) What to know : Bitcoin lost nearly 15% this week and ether more than 17%, crypto s worst weekly performance since July 2024, against a backdrop of the lowest monthly spot trading volume since October 2023. Privacy coin zcash crashed more than 30% after a security researcher uncovered an exploit that could have minted unlimited tokens, dragging rivals monero and dash down with it, with Arthur Hayes adding to the pressure by disclosing his firm had sold its entire ZEC position. Ether is approaching $1,420, the level it bounced from in April 2025 before a four-month rally to record highs. A break below would open the door to 2022 bear market territory. The crypto market is teetering on the brink of a major breakdown in price after suffering one of its worst weeks since July 2024.