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Crypto's worst week since July 2024 deepens as bitcoin, ether near critical price levels
Key takeaways
- A break below would open the door to 2022 bear market territory.The crypto market is teetering on the brink of a major breakdown in price after suffering one of its worst weeks since July 2024.
- Bitcoin BTC$61,875.23, currently trading around $62,500 has lost more 14.5% since midnight UTC on Monday morning, while ether (ETH) has plunged by more than 17%, dropping 5.5% on Friday alone.
- Ether, the second-largest cryptocurrency, is now at its lowest level since April 2025, when it bounced at $1,420 before rallying to record highs over the subsequent four months.
A break below would open the door to 2022 bear market territory.The crypto market is teetering on the brink of a major breakdown in price after suffering one of its worst weeks since July 2024.
Bitcoin BTC$61,875.23, currently trading around $62,500 has lost more 14.5% since midnight UTC on Monday morning, while ether (ETH) has plunged by more than 17%, dropping 5.5% on Friday alone.
Ether, the second-largest cryptocurrency, is now at its lowest level since April 2025, when it bounced at $1,420 before rallying to record highs over the subsequent four months. A break below that level would bring it toward 2022 bear-market levels, when it dipped below $900.
Article preview — originally published by CoinDesk. Full story at the source.
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