"Ethereum falls to over a year low, intensified selling of cryptocurrencies."

Digital assets continued to suffer heavy losses after a difficult week, with Ether falling to its lowest level in over a year. The world's second-largest cryptocurrency, Ether, fell over 10% on Friday to $1593, its lowest level since April 2025. Bitcoin also fell 4.9% at one point, dropping to just above $60,438. Both managed to recover some lost ground afterwards. Smaller cryptocurrencies performed even worse, with privacy coins particularly hard hit. Following news of potential security vulnerabilities, Zcash plummeted over 50% in 24 hours, marking its largest drop since May 2021, while Monero fell by 17% at one point. This downturn continues Bitcoin's longest losing streak since August, which began when Strategy Inc. announced the first sale of a small amount of Bitcoin since 2022. Meanwhile, cryptocurrency-related exchange-traded funds in the United States continued to see outflows, along with cryptocurrencies decoupling from the soaring tech stocks, further weakening investor confidence.