Ethereum Falls 8% to $1,625, Hits Lowest Since April 2025

Ether plunged more than 8% to $1,625 on June 5, marking its lowest level since April 2025 and extending a brutal crypto rout. The drop followed a 13-month low near $1,540 earlier in the session amid Bitcoin's slide below $60,000 and a Zcash exploit that triggered over $1.2 billion in liquidations. Weekly losses for ETH exceeded 22%, altcoin market cap fell below $880 billion, and derivatives markets turned sharply bearish with negative funding rates and a 15% drop in open interest.