BTC, ETH, XRP, ADA Price News: Bitcoin, ether, cardano extend losses
Major cryptocurrencies like Bitcoin, Ether, and XRP are extending losses amid building year-end caution and thinning market liquidity.Summary
The cryptocurrency market is weakening, mirroring a downturn in global risk assets as investors pull back ahead of key U.S. economic data. Bitcoin fell toward $85,800, while Ether, Solana, XRP, and DOGE all posted weekly losses exceeding 5%, indicating broad selling pressure rather than token-specific issues. This macro weakness is seen globally, with Asian equities softening and U.S. equity futures declining before the November jobs report. Crypto market capitalization slipped below $3.06 trillion, and analysts note that the shift from an uptrend to horizontal support suggests weakening momentum, with downside risks remaining. Sentiment indicators show extreme caution, and technical analysis suggests a baseline scenario toward the $81,000 area for Bitcoin as the market enters a corrective phase, exacerbated by typically lower December liquidity.
(Source：CoinDesk)