The crypto market shed $150 billion in market cap over the six days leading up to May 30. Bitcoin dropped to $72,500, pushed lower by $1.4 billion in outflows from Bitcoin ETFs. The sell-off wasn't isolated: Ethereum fell to $2,000 and entered a bearish zone, while XRP hit $1.27 on Thursday.
Bitcoin ETF Outflows Accelerate
The numbers tell a brutal story. Over the past week, investors pulled $1.4 billion from spot Bitcoin ETFs. That's the largest weekly exodus since the funds launched. The selling pressure drove bitcoin from its mid-May highs around $85,000 down to $72,500 — a drop of nearly 15% in a matter of days. No single catalyst has been named, but the magnitude suggests a broad risk-off move.
Ethereum Breaks Below $2,000
Ether didn't escape. It slid to $2,000, a level that technical analysts consider a bearish break. The last time ETH traded this low was October 2025. The drop comes despite the network's continued activity in layer-2 scaling and decentralized finance. For now, momentum is firmly against it.
XRP Tests $1.27
XRP fared no better, falling to $1.27 on Thursday. That's down from $1.60 just two weeks earlier. The token has been range-bound for months, but this week's move broke below support. Ripple's ongoing legal saga with the SEC hasn't helped sentiment, though the case itself hasn't changed recently.
The market is now in a fragile state. Bitcoin's $72,500 level becomes a critical test — if it breaks, the next floor could be $70,000. Meanwhile, ETF outflows show no sign of slowing. The week ahead will reveal whether buyers step in or the sell-off deepens.
