Bitcoin’s biggest weekly drop since the FTX
Bitcoin is set for its biggest weekly drop since the FTX collapse in 2022. Bitcoin ETFs shed $2.27 billion, crypto stocks plummet Title: Bitcoin’s biggest weekly drop since the FTX collapse: Impact on Bitcoin ETFs and crypto stocks Bitcoin appears to be in for a rough week. The news that Bitcoin is set for its biggest weekly drop since the collapse of FTX in 2022 signals a significant bearish trend in the market. This could be due to a number of factors, including economic conditions, regulatory concerns, or market sentiment. The $2.27 billion outflow from Bitcoin ETFs indicates that investors may be losing confidence, or shifting their investments away from crypto . ETF outflows often suggest a change in investor sentiment, as these products are a more traditional, structured way for institutional investors to gain exposure to Bitcoin. Furthermore, the decline in crypto stocks reflects the broader bearish trend. Many crypto-related companies closely follow Bitcoin’s ...