Bitcoin On Track For Worst Week Since FTX Collapse, ETH, XRP Lose Up To 23% In 7-Day Crypto Rout

Bitcoin is on track for its worst week since the FTX collapse, dipping below $60,000 for the first time since October 2024 and signaling rising anxiety across the crypto markets heading into the weekend. The retreat followed broad weakness across major digital assets and intensified risk-off positioning as traders weighed macro signals alongside crypto-specific catalysts. In another sign of turmoil, so-called altcoins also pushed lower as sentiment soured and traders reconsidered leverage and liquidity in volatile markets.