The post ETH, SOL, DOGE Slump After Bitcoin Early-Week Breakout appeared on BitcoinEthereumNews.com. Bitcoin BTC$90,279.58 slipped toward $90,000 on Thursday as crypto markets unwound much of Tuesday’s rebound, with broad risk appetite weakening despite the Federal Reserve delivering a widely expected rate cut and restarting Treasury purchases. Major tokens extended weekly losses, and more than $514 million in leveraged positions were wiped out over the past day as volatility picked up across derivatives venues. BTC traded around $90,250, down 2.4% over 24 hours. Ether ETH$3,193.53 fell 3.4% to $3,208, while Solana SOL$130.82 slid 5.8% and DOGE$0.1379 dropped 5.5%. Seven-day returns remained negative for nearly every large-cap token, as XRP is down 8.6%, ADA 7.2%, and BNB 5.9%, according to CoinGecko data. The pullback follows Tuesday’s brief spike above $94,500, a move that triggered a minor short squeeze but failed to break the resistance that has capped bitcoin for most of the past three weeks. The rejection sent BTC back into the middle of its month-long range, where market depth remains thin and liquidation clusters continue to influence price swings. “Strictly speaking, we have observed a series of higher local highs and lows since 21 November,” said Alex Kuptsikevich, senior market analyst at FxPro, told CoinDesk in an email. “However, to definitively classify the rebound as the start of capitalization growth, it needs to surpass $3.32 trillion,” about 6% above current levels. Global crypto market cap stands near $3.16 trillion, up 2.5% from earlier in the week but still below Tuesday’s $3.21 trillion local high. Leverage was a major factor in Thursday’s decline. Data from CoinGlass shows $376 million in long positions were forcibly closed over 24 hours — nearly triple the $138 million in short liquidations — as BTC slipped back below its short-term trend line. Macro conditions offered little support. Although the Fed delivered another rate cut on Wednesday, policymakers projected fewer… The post ETH, SOL, DOGE Slump After Bitcoin Early-Week Breakout appeared on BitcoinEthereumNews.com. Bitcoin BTC$90,279.58 slipped toward $90,000 on Thursday as crypto markets unwound much of Tuesday’s rebound, with broad risk appetite weakening despite the Federal Reserve delivering a widely expected rate cut and restarting Treasury purchases. Major tokens extended weekly losses, and more than $514 million in leveraged positions were wiped out over the past day as volatility picked up across derivatives venues. BTC traded around $90,250, down 2.4% over 24 hours. Ether ETH$3,193.53 fell 3.4% to $3,208, while Solana SOL$130.82 slid 5.8% and DOGE$0.1379 dropped 5.5%. Seven-day returns remained negative for nearly every large-cap token, as XRP is down 8.6%, ADA 7.2%, and BNB 5.9%, according to CoinGecko data. The pullback follows Tuesday’s brief spike above $94,500, a move that triggered a minor short squeeze but failed to break the resistance that has capped bitcoin for most of the past three weeks. The rejection sent BTC back into the middle of its month-long range, where market depth remains thin and liquidation clusters continue to influence price swings. “Strictly speaking, we have observed a series of higher local highs and lows since 21 November,” said Alex Kuptsikevich, senior market analyst at FxPro, told CoinDesk in an email. “However, to definitively classify the rebound as the start of capitalization growth, it needs to surpass $3.32 trillion,” about 6% above current levels. Global crypto market cap stands near $3.16 trillion, up 2.5% from earlier in the week but still below Tuesday’s $3.21 trillion local high. Leverage was a major factor in Thursday’s decline. Data from CoinGlass shows $376 million in long positions were forcibly closed over 24 hours — nearly triple the $138 million in short liquidations — as BTC slipped back below its short-term trend line. Macro conditions offered little support. Although the Fed delivered another rate cut on Wednesday, policymakers projected fewer…

ETH, SOL, DOGE Slump After Bitcoin Early-Week Breakout

2025/12/11 18:57

Bitcoin BTC$90,279.58 slipped toward $90,000 on Thursday as crypto markets unwound much of Tuesday’s rebound, with broad risk appetite weakening despite the Federal Reserve delivering a widely expected rate cut and restarting Treasury purchases.

Major tokens extended weekly losses, and more than $514 million in leveraged positions were wiped out over the past day as volatility picked up across derivatives venues.

BTC traded around $90,250, down 2.4% over 24 hours. Ether ETH$3,193.53 fell 3.4% to $3,208, while Solana SOL$130.82 slid 5.8% and DOGE$0.1379 dropped 5.5%. Seven-day returns remained negative for nearly every large-cap token, as XRP is down 8.6%, ADA 7.2%, and BNB 5.9%, according to CoinGecko data.

The pullback follows Tuesday’s brief spike above $94,500, a move that triggered a minor short squeeze but failed to break the resistance that has capped bitcoin for most of the past three weeks. The rejection sent BTC back into the middle of its month-long range, where market depth remains thin and liquidation clusters continue to influence price swings.

“Strictly speaking, we have observed a series of higher local highs and lows since 21 November,” said Alex Kuptsikevich, senior market analyst at FxPro, told CoinDesk in an email.

“However, to definitively classify the rebound as the start of capitalization growth, it needs to surpass $3.32 trillion,” about 6% above current levels. Global crypto market cap stands near $3.16 trillion, up 2.5% from earlier in the week but still below Tuesday’s $3.21 trillion local high.

Leverage was a major factor in Thursday’s decline. Data from CoinGlass shows $376 million in long positions were forcibly closed over 24 hours — nearly triple the $138 million in short liquidations — as BTC slipped back below its short-term trend line.

Macro conditions offered little support. Although the Fed delivered another rate cut on Wednesday, policymakers projected fewer reductions over the next two years, revealing a sharp split inside the committee.

Elsewhere, QCP Capital told clients earlier this week to expect wider bitcoin trading bands between $84,000 and $100,000 into year-end, citing a mix of reduced liquidity and persistent positioning imbalances.

Bloomberg Intelligence strategist Mike McGlone similarly warned that a “Santa Claus rally” may not materialize, forecasting BTC could finish the year below $84,000.

For now, traders are watching whether BTC can maintain footing near the $90,000–$91,000 area — a support region tested repeatedly over the past month.

A decisive break lower would expose the bottom end of the current range, while stabilization could set the stage for another attempt at $94,000 resistance as markets recalibrate post-Fed.

Source: https://www.coindesk.com/markets/2025/12/11/ether-dogecoin-solana-slide-as-bitcoin-fails-to-sustain-early-week-breakout

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

U.S. Court Finds Pastor Found Guilty in $3M Crypto Scam

U.S. Court Finds Pastor Found Guilty in $3M Crypto Scam

The post U.S. Court Finds Pastor Found Guilty in $3M Crypto Scam appeared on BitcoinEthereumNews.com. Crime 18 September 2025 | 04:05 A Colorado judge has brought closure to one of the state’s most unusual cryptocurrency scandals, declaring INDXcoin to be a fraudulent operation and ordering its founders, Denver pastor Eli Regalado and his wife Kaitlyn, to repay $3.34 million. The ruling, issued by District Court Judge Heidi L. Kutcher, came nearly two years after the couple persuaded hundreds of people to invest in their token, promising safety and abundance through a Christian-branded platform called the Kingdom Wealth Exchange. The scheme ran between June 2022 and April 2023 and drew in more than 300 participants, many of them members of local church networks. Marketing materials portrayed INDXcoin as a low-risk gateway to prosperity, yet the project unraveled almost immediately. The exchange itself collapsed within 24 hours of launch, wiping out investors’ money. Despite this failure—and despite an auditor’s damning review that gave the system a “0 out of 10” for security—the Regalados kept presenting it as a solid opportunity. Colorado regulators argued that the couple’s faith-based appeal was central to the fraud. Securities Commissioner Tung Chan said the Regalados “dressed an old scam in new technology” and used their standing within the Christian community to convince people who had little knowledge of crypto. For him, the case illustrates how modern digital assets can be exploited to replicate classic Ponzi-style tactics under a different name. Court filings revealed where much of the money ended up: luxury goods, vacations, jewelry, a Range Rover, high-end clothing, and even dental procedures. In a video that drew worldwide attention earlier this year, Eli Regalado admitted the funds had been spent, explaining that a portion went to taxes while the remainder was used for a home renovation he claimed was divinely inspired. The judgment not only confirms that INDXcoin qualifies as a…
Share
BitcoinEthereumNews2025/09/18 09:14