Crypto Market Weakness: Bitcoin Spot ETFs See Large Outflows, Cardano Hits Five-Year Low

The crypto market experienced a downturn in recent days, with Bitcoin spot ETFs recording net outflows of $396.60 million. According to SoSoValue, BlackRock's IBIT led the withdrawals with a daily net outflow of $342.34 million.

Cardano also declined significantly, falling to a five-year low near $0.20 due to weak market conditions and concerns over ecosystem stress. This decline accumulated a loss close to 70% during the last trading year.

Solana price dropped over 27% over the past month and nearly 74% from its 2025 peak, reaching a 52-week low near $66.6. The cryptocurrency market's sell-off, including Bitcoin slipping below $65,000 level, contributed to Solana's decline.