Crypto investors endured one of their toughest week in years as a wave of selling wiped out hundreds of billions of dollars from digital asset markets.

Bitcoin fell 17.3% this week while ether ($ETH) dropped 22%, putting both assets on track for their largest weekly declines since November 2022, when the collapse of Sam Bankman-Fried’s FTX exchange triggered a market-wide panic.

Despite a modest stabilization on Saturday, both assets remained near their lows, with $BTC trading just above $60,000 and $ETH changing hands around $1,550.

The damage extended far beyond the two largest cryptocurrencies. The digital asset market shed roughly $390 billion in value during the week, leaving total market capitalization hovering just above $2…