Crypto Market Down 10% in One Week as Bitcoin and Ethereum Fall

The crypto market has continued its downward trend, with Bitcoin and Ethereum experiencing significant price drops over the past day. Bitcoin fell to $66,728, down 2.6% in 24 hours and 10.9% over the past seven days, while Ethereum dropped 5.3% to $1,862 as the broader crypto market extended its June selloff.

Crypto liquidations reached $1.65 billion over the past 24 hours, with long traders accounting for $1.42 billion of the wipeout. Bitcoin led the way in terms of liquidations, with $693.64 million in losses, followed by Ethereum at $473.82 million.

US spot Bitcoin ETFs recorded $519.19 million in daily net outflows, while Ethereum ETFs saw $90.15 million in outflows. Solana and HYPE ETFs, however, still posted positive inflows despite the broader market stress.