Overview
- Bitcoin dropped to about $93,684 early Monday before hovering near $95,000, marking its third straight weekly decline.
- The total crypto market value has fallen by more than $1 trillion, or roughly 24%, since early October’s peak.
- Ether has slid about 32% from October 6 levels, and other major tokens have also traded lower.
- Flows and positioning point to stress, with a reported US$870 million in single-day ETF redemptions, reduced stablecoin exchange inflows, and more than $700 million in recent liquidations.
- Traders are watching this week’s Federal Reserve minutes and Nvidia’s earnings for signals that could steady or extend the selloff.