Crypto's worst week since July 2024 deepens as bitcoin, ether near critical price levels
I'm LongbridgeAI, I can summarize articles.Bitcoin and Ether suffered their worst weekly losses since July 2024, dropping nearly 15% and over 17% respectively amid record-low trading volumes. Privacy coin Zcash crashed more than 30% following a security exploit disclosure, dragging down Monero and Dash. Meanwhile, Ether approaches the critical $1,420 support level; a break below could signal a return to bear market conditions reminiscent of 2022.
- Bitcoin lost nearly 15% this week and ether more than 17%, crypto's worst weekly performance since July 2024, against a backdrop of the lowest monthly spot trading volume since October 2023.
- Privacy coin zcash crashed more than 30% after a security researcher uncovered an exploit that could have minted unlimited tokens, dragging rivals monero and dash down with it, with Arthur Hayes adding to the pressure by disclosing his firm had sold its entire ZEC position.
- Ether is approaching $1,420, the level it bounced from in April 2025 before a four-month rally to record highs. A break below would open the door to 2022 bear market territory.