2025 is rapidly coming to an end, and even though it was quite spectacular for a large part, it’s likely to turn out to be a red year for BTC. The past week or so didn’t help the cryptocurrency either.
Recall that the asset was already rejected at $94,500 on a couple of occasions during the previous business week when the US Federal Reserve cut the interest rates. Then, all eyes turned on the following several days due to the release of more key economic data, as volatility was expected to be quite high.
The business week began on the wrong foot as BTC was pushed south by several grand on Monday afternoon. It dropped from $90,000 to under $86,000 within just a few hours. It tried to recover some ground and exploded on Wednesday to almost $90,500. However, this turned out be another fake-out and bitcoin quickly lost all the momentum, dumping below $85,500.
The community turned its focus on Thursday’s release of CPI data in the US. Although both the core and regular Consumer Price Index showed a lot healthier inflation levels than expected, the positive effects on BTC’s price were very brief. The cryptocurrency jumped immediately from $87,000 to $89,500, where it was stopped again and driven south to a multi-week low of $84,500.
It managed to find some support there and now sits around $88,000. This means that it has dropped by almost 5% weekly, which is still less than some other big losers, such as ETH (-9%), SOL (-10%), ADA (-14%), LINK (-12%), and HYPE (-18%). XMR is the only exception here, with a weekly increase of 5%.
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Ethereum Network Slumps to 12-Month Low: What the Retail Exodus Means. The world’s second-largest blockchain has seen an evident exodus of retail participants, with the network usage dumping to a yearly low. However, CryptoQuant indicated that such previous instances have been used by long-term investors to accumulate ETH quietly.
Bitcoin (BTC) Has Entered a Bearish Phase, Structural Indicators Confirm. BTC’s price chart for the past two and a half months has been quite painful, showcasing a massive 30+% drop from the October ATH of over $126,000. As such, some analysts argued that the asset’s structure has shifted toward a bear market phase.
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