BTC, ETH price news: Bitcoin, ether, solana slide as AI trade continues to rip higher
Bitcoin and the broader crypto market stayed under pressure even as global equities hit records, because two headwinds persisted: a sharp rise in oil prices and heavy ETF outflows. Brent crude climbed above $93 a barrel on stalled U.S.-Iran ceasefire and Strait of Hormuz talks, while Treasuries sold off. Meanwhile, U.S. spot bitcoin ETFs posted a record 10 straight sessions of outflows, totaling $2.97 billion from May 15 to May 29, with total net assets falling from $104.29 billion to $94.17 billion. Ether ETFs also saw a 14-session outflow streak, draining about $2.6 billion. Crypto prices fell over the week: bitcoin dropped 4.6% to about $73,397, ether also fell 4.6% to $1,996, and solana, TRX and DOGE declined too. The only major exception was Hyperliquid’s HYPE, which rose 18.7% in a week, supported by continued inflows into its new spot ETF.
