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

Due to the cooling demand for Bitcoin spot ETF in the market and uncertainty in monetary policy, the digital asset market has seen the second largest weekly drop 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 largest drop since April this year. Influenced by the continuous outflow of funds from the US Bitcoin spot ETF for six 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 dynamic of the cryptocurrency market "is characterized by low volatility and weak trading volume, and when prices start to move towards the edge of the range, the order book becomes unbalanced".