TechFlow reported, citing Bloomberg, that the digital asset market saw its second-largest weekly decline since 2024, primarily driven by cooling demand for spot Bitcoin ETFs and monetary policy uncertainty.
Over the seven days ending last Sunday, an index tracking the top 100 digital assets by market capitalization dropped approximately 5%, marking the largest decline since April this year. Bitcoin fell below $63,000, reaching a more than one-month low. Experts noted that current crypto market dynamics are characterized by low volatility and weak trading volume, causing order books to become unbalanced when prices move toward the edges of their trading ranges.
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