Ethereum price forms a double bottom while ETH targets $2,800
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FXStreet Team
FXStreet
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Bitcoin, Ethereum, and Ripple continued their corrections on Friday, posting weekly losses of nearly 6%, 3%, and 5%, respectively. BTC is nearing the November lows at $80,000, while ETH slips below $2,800 amid increasing downside pressure.
Shiba Inu (SHIB) price slips below $0.0000077 on Thursday after correcting the previous day. Bearish sentiment is further strengthened as holders offload SHIB, increasing selling pressure and reducing Open Interest in the derivatives market.
Worldcoin , Chiliz , and Hyperliquid posted heavy losses over the last 24 hours as Bitcoin dropped below $82,000 on Friday, triggering a $1.75 billion wipeout and mirroring the bearish tremors in the US stock market.
Fidelity Investments announced that it will launch its first stablecoin, the Fidelity Digital Dollar (FIDD), making it one of the first large traditional firms in the US to do so.
Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.
Bitcoin (BTC) price extends correction, trading below $82,000 after sliding more than 5% so far this week. The bearish price action in BTC was fueled by fading institutional demand, as evidenced by spot Exchange-Traded Funds (ETFs), which recorded $978 million in inflows through Thursday.