BTC drops 16% in a week as $4.3 billion exits spot ETFs and macroeconomic uncertainty weighs on sentiment.
Bitcoin fell to $61,771, down 3.74% on the day and 16% over the past week, nearing its February low. Persistent outflows from spot BTC ETFs, totaling $4.3 billion over a 13-day streak, and Strategy’s first disclosed Bitcoin sale have pressured prices.
Ethereum also declined, dropping 7.92% to $1,651, while the broader crypto market cap stood at $2.24 trillion. The Fear & Greed Index hit 12, signaling extreme fear among investors. Market focus shifts to Friday’s U.S. jobs report for Fed policy clues.
Altcoins saw mixed performance, with small-cap tokens like Bitway and Zest Protocol posting gains of over 200% and 88%, respectively, amid broader weakness.