Ether
Bitcoin falls 17% in brutal weekly crypto rout
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Bitcoin and Ether posted their steepest weekly declines since the 2022 FTX collapse as the broader crypto market shed roughly $390 billion in value. The selloff followed a strong U.S. jobs report and mounting concerns over interest rates and competition from AI investments.
Crypto investment products recorded $1.07 billion in outflows as tensions over Iran spurred risk-off sentiment among investors. Bitcoin and Ether funds led the withdrawals.
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U.S.-listed spot bitcoin and ether exchange-traded funds experienced one of their worst outflow days in 2026, with nearly $1 billion withdrawn in a single session on January 29—following heavy weekly outflows totaling nearly $2 billion the prior week ending January 23. The heavy redemptions coincided with sharp declines in cryptocurrency prices amid rising volatility and macroeconomic pressures. Investors pulled back as bitcoin fell below $85,000 and ether dropped more than 7%.