Market Wrap: Bitcoin Heads for Worst Week in Year

The latest crypto news and headlines for Friday, June 17.

AccessTimeIconJun 17, 2022 at 8:17 p.m. UTC
Updated May 11, 2023 at 6:45 p.m. UTC
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Hi and welcome to Market Wrap! This is a limited edition because the team is off today as CoinDesk observes Juneteenth as a company holiday. We will be back Tuesday, June 21.

Bitcoin (BTC) has tumbled 23% since Sunday, heading for its worst weekly performance since May 2021. As of press time the largest cryptocurrency was changing hands just around $20,500. The price has declined 56% year to date.

For the latest cryptocurrency prices, please go here, and for the latest news headlines, please go here.

In the meantime, check out these crypto market stories from this week:

Bitcoin (BTC): $20550, −2.06%

Ether (ETH): $1084, −2.16%

S&P 500 daily close: 3,674.84, +0.22%

Gold: $1840 per troy ounce, −0.31%

Ten-year Treasury yield daily close: 3.24%


Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found at coindesk.com/indices.


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CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Helene Braun

Helene is a New York-based reporter covering Wall Street, the rise of the spot bitcoin ETFs and crypto exchanges. She is also the co-host of CoinDesk's Markets Daily show. Helene is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.

Bradley Keoun

Bradley Keoun is the managing editor of CoinDesk's Tech & Protocols team. He owns less than $1,000 each of several cryptocurrencies.


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