#cryptocurrency Tech News.
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The latest cryptocurrency news, distilled by AI into sharp ~100-word summaries. ByteBrief tracks cryptocurrency across dozens of tech sources and brings you only what matters, updated hourly. Tap any story for the full brief, or open the original source.
ETH price crashed below $1,600 after a vulnerability in Zcash emerged and Bitcoin sold off below $60,000. Ether (ETH) plummeted to a 13-month low of $1,540. The Ether futures annualized funding rate flipped negative, indicating increased demand for short positions. Demand for downside price protection surged as the Deribit ETH options put-to-call premium spiked to 3.7 times. Ethereum network Total Value Locked (TVL) declined to its lowest since February 2024.
Bitcoin trades below $60,000 for first time since Trump's reelection in late 2024. The drop marks more than half of Bitcoin's all-time peak of $126,000 in October 2025. Geopolitical tensions and quantum computing advances are cited as key factors. The decline signals growing investor skepticism amid strong U.S. executive branch support for crypto.
Bitcoin briefly fell below $60,000 on Friday, extending its weekly loss to nearly 20%. A 40%-plus plunge in Zcash occurred after Shielded Labs disclosed a years-old bug that could have allowed undetected counterfeit ZEC creation. Bitcoin is now perfectly correlated with stocks, which were down nearly 4% on Friday. The bug's disclosure has caused market volatility, with some investors describing Bitcoin as 'swallowing broken glass'.
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