Bloomberg: Top 100 digital asset-related indexes record second-largest weekly decline of the year

Odaily Odaily News Due to the cooling of market demand for Bitcoin spot ETFs and uncertainty in monetary policy, the digital asset market has seen its second largest weekly decline since 2024. Data shows that in the past seven days ending last Sunday, the relevant index covering the top 100 digital assets by market value fell by about 5%, the biggest drop since April this year. Affected by the outflow of funds from the US Bitcoin spot ETF for six consecutive days, Bitcoin fell below $63,000 on Monday, the lowest point in more than a month. David Lawant, head of research at FalconX, wrote in a report that the current crypto market dynamics "are characterized by low volatility, weak trading volume, and order books become unbalanced when prices begin to move toward the edge of the range." (Bloomberg)