Bitcoin Drops to $60,000, Down 16% in Worst Week Since FTX Collapse

BTC-1.79%
According to ChainCatcher, Bitcoin fell below $60,000 last week, marking its worst weekly performance since the 2022 FTX collapse. Over seven days through Sunday, Bitcoin declined 16% and has retreated over 50% from its 2025 high of $126,000. U.S. spot Bitcoin ETFs recorded net outflows for 13 consecutive trading days, with cumulative outflows reaching $5.5 billion. Bitcoin also broke below its 200-week moving average, a key support level.
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