This week’s drop was crazy, ZEC still revealed an infinite issuance vulnerability, AI IPOs are draining funds + spot trading volume is shrinking, is the bear market PTSD coming back?

Crypto World News reports that the cryptocurrency market is experiencing its worst week since July 2024. BTC is currently trading at around $62,500, down more than 14.5% since midnight on Monday. ETH is down more than 17%, currently at its lowest level since April 2025. If it breaks below the $1,420 support level, it could fall back to levels seen during the 2022 bear market. Zcash (ZEC) was the worst performer on Friday, after a vulnerability was found that could enable the minting of “infinite” tokens. Strategy (MSTR) executive chairman Michael Saylor attributed the market downturn to a rotation of capital caused by a series of AI IPOs in the United States. CryptoQuant noted that in April, spot trading volume fell to $679 billion, the lowest level since October 2023, indicating insufficient demand.