Crypto market suffers worst week since July 2024 as Bitcoin and Ethereum near critical support levels
By
Oliver Knight, Saksham Diwan
23h ago· 3 min readenNews
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Summary
The crypto market is experiencing its worst week since July 2024, with Bitcoin dropping over 14.5% to around $62,500 and Ethereum plunging more than 17% to its lowest level since April 2025. ETH is approaching a critical support level at $1,420, and a break below that could send it toward 2022 bear-market levels. Additional pressures include a Zcash exploit and capital rotation toward AI investments.
Key quotes
· 3 pulledBitcoin, currently trading around $62,500 has lost more 14.5% since midnight UTC on Monday morning
Ether, the second-largest cryptocurrency, is now at its lowest level since April 2025
A break below that level would bring it toward 2022 bear-market levels
Crypto is on course for its worst week since July 2024, with ETH approaching critical support at $1,420 as a zcash exploit and AI capital rotation pile on the pressure.
