{"id":128066,"date":"2026-06-05T15:49:00","date_gmt":"2026-06-05T11:49:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=128066"},"modified":"2026-06-05T14:46:06","modified_gmt":"2026-06-05T10:46:06","slug":"bitcoin-crashes-toward-4-month-low-with-16-weekly-wipeout-etf-exodus-iran-war-and-ai-rivalry-crush-crypto","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/bitcoin-crashes-toward-4-month-low-with-16-weekly-wipeout-etf-exodus-iran-war-and-ai-rivalry-crush-crypto\/06\/05\/market-updates\/","title":{"rendered":"Bitcoin Crashes Toward 4-Month Low with 16% Weekly Wipeout: ETF Exodus, Iran War, and AI Rivalry Crush Crypto"},"content":{"rendered":"\n<h1 class=\"wp-block-heading\"><\/h1>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Key Takeaways<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Bitcoin near 4-month low:<\/strong> The world&#8217;s largest crypto fell 3.9% to $61,524.0 \u2014 its weakest level in nearly four months.<\/li>\n\n\n\n<li><strong>16% weekly crash:<\/strong> Bitcoin is on track for its worst week in months amid relentless institutional selling.<\/li>\n\n\n\n<li><strong>ETF outflows mount:<\/strong> Bitcoin ETFs shed $1.4 billion this week \u2014 the fourth consecutive week of over $1 billion in outflows, per SoSoValue.<\/li>\n\n\n\n<li><strong>Strategy&#8217;s sale spooks markets:<\/strong> Top corporate Bitcoin holder Strategy disclosed selling some of its holdings earlier this week.<\/li>\n\n\n\n<li><strong>Iran war the root cause:<\/strong> Renewed U.S.-Iran military exchanges and reports of Iran halting indirect negotiations drove risk-aversion.<\/li>\n\n\n\n<li><strong>AI stocks winning the battle:<\/strong> Investors are increasingly rotating from non-yielding crypto assets into AI stocks.<\/li>\n\n\n\n<li><strong>IPO anticipation pulls capital:<\/strong> Massive upcoming IPOs from SpaceX, OpenAI, and Anthropic are drawing institutional attention toward AI.<\/li>\n\n\n\n<li><strong>Retail abandons Bitcoin:<\/strong> Coinbase premium index shows Bitcoin trading at a deep discount to global average prices, signaling weak U.S. retail demand.<\/li>\n\n\n\n<li><strong>Ether crashes 7.6%:<\/strong> The world&#8217;s second-largest crypto fell to $1,654.57 \u2014 a 14-month low \u2014 and is down nearly 18% on the week.<\/li>\n\n\n\n<li><strong>XRP tumbles 6%:<\/strong> Down nearly 17% on the week.<\/li>\n\n\n\n<li><strong>Cardano collapses 18%:<\/strong> Hits over a five-year low.<\/li>\n\n\n\n<li><strong>Solana sinks 7.4%:<\/strong> BNB fell 4.4%.<\/li>\n\n\n\n<li><strong>Memecoins obliterated:<\/strong> Dogecoin dropped 7%; $TRUMP slid 10%.<\/li>\n\n\n\n<li><strong>NFP data the next test:<\/strong> May nonfarm payrolls due later Friday for U.S. economic and rate cues.<\/li>\n<\/ul>\n\n\n\n<p>Bitcoin fell near a four-month low on Friday and was headed for a deep weekly decline as extended institutional selling \u2014 amid persistent concerns over the Iran war \u2014 saw traders steer clear of cryptocurrencies.<\/p>\n\n\n\n<p>The world&#8217;s largest crypto extended losses after top corporate Bitcoin holder Strategy disclosed it had sold some of its holdings earlier this week. A broader shift toward artificial intelligence stocks also spurred losses across crypto markets.<\/p>\n\n\n\n<p>Bitcoin fell 3.9% to $61,524.0 by 02:26 ET (06:26 GMT).<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Bitcoin Set for Deep Weekly Loss Amid Heavy ETF Outflows<\/h2>\n\n\n\n<p>Bitcoin was set to lose over 16% this week amid pressure from continued institutional selling \u2014 directed mainly at spot exchange-traded funds.<\/p>\n\n\n\n<p>Bitcoin ETFs were nursing an outflow of $1.4 billion this week \u2014 their fourth consecutive week of over $1 billion in outflows, data from SoSoValue showed.<\/p>\n\n\n\n<p>Institutional selling came amid heightened broader risk-aversion spurred chiefly by uncertainty over the U.S.-Iran war. Military action between the two restarted over the past week, while reports showed Iran halting indirect negotiations with the United States.<\/p>\n\n\n\n<p>Institutional selling was also partly driven by investors increasingly favoring AI stocks over non-yielding crypto assets. Anticipation of bumper initial public offerings from SpaceX, OpenAI, and Anthropic also drummed up enthusiasm for the AI sector at crypto&#8217;s expense.<\/p>\n\n\n\n<p>Beyond institutional selling, retail investors also appeared to be largely averse toward Bitcoin. Coinglass&#8217; Bitcoin Coinbase Premium Index \u2014 which measures Bitcoin&#8217;s spot price on the biggest U.S. exchange compared with the global average \u2014 showed the crypto trading at a deep discount.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Crypto Price Today: Altcoins Collapse Across the Board<\/h2>\n\n\n\n<p>Broader crypto prices tumbled on Friday, tracking declines in Bitcoin amid few positive signals for the sector.<\/p>\n\n\n\n<p>Declines in risk-driven markets also kept investors largely averse toward cryptocurrencies, with market focus turning to upcoming nonfarm payrolls data for more cues on the U.S. economy.<\/p>\n\n\n\n<p>Ether, the world&#8217;s second-largest cryptocurrency, slid 7.6% to $1,654.57 \u2014 hitting a 14-month low \u2014 and was down nearly 18% on the week.<\/p>\n\n\n\n<p>XRP fell 6% to $1.1169, down nearly 17% on the week.<\/p>\n\n\n\n<p>Solana fell 7.4%, while Cardano slumped over 18% on Friday and hit an over five-year low. BNB fell 4.4%.<\/p>\n\n\n\n<p>Among memecoins, Dogecoin dropped 7%, while $TRUMP slid 10%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Bitcoin near 4-month low: The world&#8217;s largest crypto fell 3.9% to $61,524.0 \u2014 its weakest level in nearly four months. 16% weekly crash: Bitcoin is on track for its worst week in months amid relentless institutional selling. ETF outflows mount: Bitcoin ETFs shed $1.4 billion this week \u2014 the fourth consecutive week of &hellip;<\/p>\n","protected":false},"author":9,"featured_media":98174,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,6827,49,36],"tags":[],"class_list":["post-128066","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-daily-economic-reports","category-economic-reports","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/128066","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=128066"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/128066\/revisions"}],"predecessor-version":[{"id":128067,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/128066\/revisions\/128067"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/98174"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=128066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=128066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=128066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}