Crypto market recap: Bitcoin and Ethereum extend weekly losses

Crypto market recap: Bitcoin and Ethereum extend weekly losses
Crypto market extends losses, fear index at 21

​The cryptocurrency market continued its downward trajectory on Wednesday, with major assets posting further losses amid persistent risk aversion and cautious investor sentiment. 

The Fear and Greed Index remains deep in the “fear” zone at 21, signaling growing unease among traders as volatility remains elevated.

Key takeaways

- Bitcoin under pressure: BTC dropped 1.6% to $101,488, staying just above key support at $101,477. Analysts warn that sustained bearish sentiment could push it below $100,000.

- Ethereum follows downward trend: ETH fell 1.2% to $3,334, losing nearly 13% over the week despite recent optimism when it neared $3,500.

- Altcoins in red: Major tokens like XRP (-4.3%), BNB (-1.6%), and Solana (-1.3%) continued to decline, reflecting broad market weakness.

- The Fear and Greed Index at 21 indicates persistent anxiety, though selling pressure is slowly easing.

Bitcoin slips toward $101,000 amid market weakness

Bitcoin (BTC) dropped 1.6% over the past 24 hours, trading around $101,488, as it struggles to hold above key support at $101,477. The coin has fallen 7.3% over the week, extending its correction from last week’s five-month high.

Analysts warn that if bearish pressure persists, Bitcoin could test the $100,000 psychological threshold, with a potential dip toward $98,000. Despite this, the likelihood of a sharp breakdown remains limited due to gradually declining volatility.

 BTC price dynamics (October - November 2025). Source: TradingView

Ethereum and altcoins mirror the downturn

Ethereum (ETH) followed suit, falling 1.2% in 24 hours to $3,334, with a 12.9% weekly decline. The token’s recent attempt to reclaim the $3,500 level was short-lived, as renewed selling weighed on the broader market.

Other top cryptocurrencies also traded in the red: XRP fell 4.3%, BNB slipped 1.6%, and Solana lost 1.3%. This highlights investor preference for lower-risk positions amid heightened uncertainty.

 ETH price dynamics (October - November 2025). Source: TradingView

Fear and Greed Index Reflects Ongoing Anxiety

The Fear and Greed Index remains at 21, underscoring that fear still dominates sentiment — though analysts note that panic selling has slightly eased. The market’s cautious tone stems from global macroeconomic uncertainty, weak liquidity, and recent profit-taking following Bitcoin’s sharp rally earlier in the quarter.

If conditions stabilize, Bitcoin could attempt a rebound toward $105,000, but for now, traders remain defensive as risk appetite continues to shrink.

In addition, we wrote Ethereum price prediction. Buyers step back in as $3,300 liquidity shelf holds.

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