Cryptocurrency markets endured a sharp selloff during the first week of June, with Bitcoin and Ethereum posting steep losses amid persistent ETF outflows, weakening investor sentiment and capital rotation into artificial intelligence (AI)-related equities.

Bitcoin started the week near US$73,500 but slid below US$63,000 by June 5, marking one of its worst weekly performances since late 2022.

Ethereum followed suit, falling below US$1,800 and ending the week near US$1,700 as selling pressure intensified across digital assets.

Market sentiment deteriorated as institutional investors continued to withdraw funds from spot crypto ETFs, while geopolitical uncertainties and broader risk-off trading weighed on demand.

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