Crypto's worst week since July 2024 deepens as BTC, ETH prices near critical support levels
Summary
Crypto markets are under heavy pressure after one of the worst weeks since July 2024. Bitcoin has dropped more than 14.5% since Monday, trading around $62,500, while ether is down over 17% and has fallen to its lowest level since April 2025. A further break lower in ETH could reopen 2022 bear-market levels. Altcoins also weakened sharply, with zcash plunging more than 30% after a reported exploit raised security concerns. The selloff is being linked to capital rotating into U.S. AI IPOs and to weak spot crypto demand. CryptoQuant says spot trading volume fell to $679 billion in April, the lowest monthly level since October 2023.
