What led Bitcoin to drop to $67,000 while Ethereum fell below $2,000?

crypthub

about 2 hours ago

Bitcoin and Ethereum Price Reversal

Bitcoin rose to the mid‑$73,000 range but slipped back to about $67,000 by week’s end, dragging Ethereum below $2,000. The decline came after a brief rally that briefly restored momentum. Both assets lost ground as institutional pressure increased and market sentiment soured.

ETF Flows Turn Negative

Spot Bitcoin ETFs recorded inflows of $458 M, $225 M and $462 M from March 2‑4, fueling the rally, but outflows of $228 M on March 5 and $349 M on March 6 erased that support. Ethereum ETFs showed a similar pattern, with $38.7 M inflows on March 2 followed by outflows of $90.9 M and $82.9 M later in the week. The shift from net buying to net selling signalled weakening institutional demand for both tokens.

Profit‑Taking and Geopolitical Risk

Short‑term holders moved over 27,000 BTC to exchanges, locking in gains after Bitcoin hit resistance near $74,000. Simultaneously, escalating Middle‑East tensions, including Iran’s closure of the Strait of Hormuz, heightened global risk aversion. The combined effect prompted a rapid sell‑off, leaving Bitcoin around $67,500 and Ethereum near $1,975.