Crypto's brutal week: Bitcoin (BTC), Ether (ETH) suffer worst weekly drop since FTX crash - CoinDesk
ShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailBitcoin, ether eye worst weekly rout since FTX collapse as cryptos shed $390 billionA 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 readMake 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.