WS #16742
Bitcoin is enduring its fifth consecutive weekly loss, marking a joint third-longest losing streak in its history, as the market digests the massive $6.4 billion Binance hack and broader macro uncertainty. Ethereum ETFs have suffered over $431 million in outflows, indicating a strong risk-off stance among crypto investors. The North Korean denial of involvement in the hack adds a layer of geopolitical complexity to the crypto security landscape, further dampening sentiment.
Crypto Market Stress
Bitcoin is enduring its fifth consecutive weekly loss, marking a joint third-longest losing streak in its history, as the market digests the massive $6.4 billion Binance hack and broader macro uncertainty. Ethereum ETFs have suffered over $431 million in outflows, indicating a strong risk-off stance among crypto investors. The North Korean denial of involvement in the hack adds a layer of geopolitical complexity to the crypto security landscape, further dampening sentiment.