#btc *It has been a brutal week for the cryptocurrency market. * 📉
Bitcoin plunged to a new annual low of US$ 58.126, wiping out US$ 150 billion in market value.
ETH fell to $1,510, erasing another $31 billion.
Bitcoin ETFs recorded $1.79 billion in net outflows, marking the second-largest weekly sell-off since their launch.
About $2.5 billion in long positions were liquidated across the market.
Michael Saylor and Tom Lee saw their combined defeats reach $24.5 trillion.
Bitcoin plunged to a new annual low of US$ 58.126, wiping out US$ 150 billion in market value.
ETH fell to $1,510, erasing another $31 billion.
Bitcoin ETFs recorded $1.79 billion in net outflows, marking the second-largest weekly sell-off since their launch.
About $2.5 billion in long positions were liquidated across the market.
Michael Saylor and Tom Lee saw their combined defeats reach $24.5 trillion.