{"id":140849,"date":"2026-03-09T20:30:37","date_gmt":"2026-03-09T20:30:37","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=140849"},"modified":"2026-03-09T20:30:37","modified_gmt":"2026-03-09T20:30:37","slug":"why-did-bitcoin-price-crash-to-67000-and-ethereum-price-fell-below-2000","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=140849","title":{"rendered":"Why Did Bitcoin Price Crash To $67,000, And Ethereum Price Fell Below $2,000?"},"content":{"rendered":"

Bitcoin\u2019s rally back to the mid-$73,000 <\/a>region did not last long as the leading cryptocurrency\u2019s price action reversed as the week <\/a>came to a close and fell back around $67,000 after momentarily regaining momentum last week, pulling Ethereum down with it till the ETH price also lost the $2,000 price level.\u00a0<\/p>\n

However, the pullback of these leading cryptocurrencies is the product of a few forces<\/a> colliding at once: a war nobody fully priced in and institutions quietly heading for the exits. Here is what happened.<\/p>\n

Spot Bitcoin ETFs: From Boosting Rally To Draining Liquidity<\/h2>\n

One of the clearest reasons for Bitcoin\u2019s reversal is that the same ETF complex that helped lift the price early in the week suddenly turned into a source of pressure.<\/a> SoSoValue data show that US-based Spot Bitcoin ETFs posted strong inflows at the start of the week,<\/a> including about $458.19 million on March 2, $225.15 million on March 3, and $461.77 million on March 4.\u00a0<\/p>\n

That stretch helped Bitcoin climb as high as roughly $74,051 intraday on March 4, but the tone changed quickly after that. By March 5, spot Bitcoin ETFs had flipped to a net outflow of about $227.83 million, and on March 6, the outflow worsened to roughly $348.83 million, showing that institutional demand softened just as Bitcoin was testing resistance near the mid-$70,000s.<\/p>\n

Spot Bitcoin ETFs. Source: SoSoValue<\/a><\/p>\n

Unsurprisingly, Ethereum also saw its own exchange-traded funds flows deteriorate in tandem with Bitcoin. SoSoValue\u2019s data show US Spot Ethereum ETFs started the week on firmer footing, with $38.69 million in net inflows on March 2, led by BlackRock\u2019s ETHA at about $26.51 million. However, by the second half of the week, that demand had faded massively.\u00a0<\/p>\n

Spot Ethereum ETFs recorded about $90.94 million in net outflows on March 5 and another $82.85 million in net outflows on March 6, with Fidelity\u2019s FETH alone accounting for roughly $67.57 million of the March 6 withdrawal.<\/p>\n\n

Spot Ethereum ETFs. Source: SoSoValue<\/a><\/p>\n

Profit-Taking And Global Risk Aversion<\/h2>\n

The final piece is the macro backdrop. The bounce to $73,000 to $74,000 invited short-term traders to lock in gains, especially after Bitcoin ran into a clear resistance band and failed to push through decisively. On-chain data shows that more<\/a> than 27,000 BTC in profit were sent to exchanges by short-term holders within 24 hours.<\/p>\n

However, investors are not dealing with only crypto-related concerns. Financial markets are still pricing in the conflicts in the Middle East. Iran responded to<\/a> US-Israel attacks by not only firing retaliatory strikes but also effectively closing the Strait of Hormuz, a passage for roughly one-fifth of the world\u2019s oil supply. That closure is what truly rattled markets.<\/p>\n

Once Bitcoin lost altitude, Ethereum followed with even more force. At the time of writing, Bitcoin is trading at $67,500. Ethereum, on the other hand, is trading at $1,975.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s rally back to the mid-$73,000 region did not last long as the leading cryptocurrency\u2019s price action reversed as the week came to a close and fell back around $67,000 after momentarily regaining momentum last week, pulling Ethereum down with it till the ETH price also lost the $2,000 price level.\u00a0 However, the pullback of […]<\/p>\n","protected":false},"author":0,"featured_media":140850,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-140849","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/140849"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=140849"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/140849\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/140850"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=140849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=140849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=140849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}