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Crypto market drops $390B as Bitcoin and Ethereum face biggest weekly falls since 2022 FTX crash.

Market News
06 Jun 2026
Tokenpost
View Source
Bearish
pluang ai news

The cryptocurrency market lost nearly $390 billion in a sharp selloff, with Bitcoin down 17.3% and Ethereum 22%, marking their largest weekly declines since the 2022 FTX collapse. The market cap fell to just over $2 trillion from a $4.2 trillion peak in October. Key factors included MicroStrategy's Bitcoin sale, outflows from Bitcoin ETFs, competition from AI stocks, a security flaw found in Zcash, and a strong U.S. jobs report raising interest rate concerns. Investors remain cautious amid macroeconomic risks and the growing appeal of AI investments, leaving the market outlook uncertain.

More News

YMCA and Capital Power partner to send 600 kids to summer camp with financial aid.

YMCA and Capital Power partner to send 600 kids to summer camp with financial aid.

YMCA of Northern Alberta and Capital Power have teamed up to send 600 children to summer camp who otherwise could not afford it. Capital Power's three-year commitment supports access to various YMCA camps and programs that build confidence and commun...

Others
Neutral
1 hour ago
Fidelity Advisor Series VIII increases stake in Renk Group AG to 3.23%

Fidelity Advisor Series VIII increases stake in Renk Group AG to 3.23%

Fidelity Advisor Series VIII has increased its voting rights in Renk Group AG to 3.23% as of June 24, 2026. This includes 3.04% voting rights attached to shares and 0.19% through stock loan instruments. The total voting rights represent a significant...

Market News
Neutral
1 hour ago
Fidelity Advisor Series VIII increases voting rights in Renk Group AG to 3.23%.

Fidelity Advisor Series VIII increases voting rights in Renk Group AG to 3.23%.

Fidelity Advisor Series VIII, based in Boston, has raised its voting rights stake in Renk Group AG to 3.23% as of June 24, 2026. This includes 3.04% direct voting rights and 0.19% through stock loan instruments. The total voting rights are based on 1...

Market News
Neutral
1 hour ago
No buybacks of cooperative investment certificates reported by CRCAM Toulouse for week of June 22-26, 2026

No buybacks of cooperative investment certificates reported by CRCAM Toulouse for week of June 22-26, 2026

CRCAM Toulouse announced that no repurchases of its cooperative investment certificates (CCI) were made during the week of June 22 to June 26, 2026. This update is part of their regular weekly disclosure on CCI transactions, reflecting no activity in...

Market News
Neutral
1 hour ago
XRP volume surges amid price range as Ripple expands regulatory reach in Europe.

XRP volume surges amid price range as Ripple expands regulatory reach in Europe.

XRP's trading volume jumped 44% to $1.55 billion while its price held steady around $1.056, despite a recent downtrend. This volume increase coincides with Ripple securing preliminary regulatory approval to operate across 30 European Economic Area co...

Market News
Neutral
4 hours ago
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