Crypto markets extend losses amid semiconductor rout, with bitcoin down 5% weekly and $6 billion in ETF outflows.
Bitcoin fell to $62,546, down 2.1% in 24 hours and 4.9% for the week, as a deepening selloff in semiconductor and tech stocks dragged risk assets lower. The token hovered near its monthly low, reflecting broader market weakness.
Ether dropped 3.7% to $1,661, while solana and XRP also declined. U.S. spot bitcoin ETFs saw a record 30-day net outflow of over $6 billion, signaling sustained institutional caution. Analysts noted limited rebound catalysts ahead of a $10.6 billion options expiry.
Most major cryptocurrencies underperformed, with dogecoin down 9.8% weekly and Hyperliquid’s HYPE falling 18.6%. Tron was a rare gainer, up 3.7% over the same period.