Bitcoin continued its free fall on Friday to end a volatile week, settling into a bear market.
The largest cryptocurrency by market value is down over 20% from its all-time high of $126,272 reached in October and breaking key technical levels by falling below $100,000, as noted by investor Louis Navellier, whose firm bears his name.
The largest exchange-traded funds that track bitcoin took a beating this week, with iShares Bitcoin Trust ETF, Fidelity Wise Origin Bitcoin Fund and Grayscale Bitcoin Trust ETF falling more than 8% apiece.
THE ETF REPORT: NEWS & ANALYSIS
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| IBIT | ISHARES BITCOIN TRUST – USD ACC | 53.48 | -2.12 | -3.80% |
| FBTC | FIDELITY WISE ORIGIN BITCOIN FUND – USD ACC | 82.18 | -3.25 | -3.80% |
| GBTC | GRAYSCALE BITCOIN TRUST ETF – USD ACC | 73.78 | -2.90 | -3.78% |
The negative sentiment toward crypto continued this week after investors dialed back both bitcoin and ethereum, which saw steep ETF outflows through last week, with investors pulling out $932 million and $438 million, respectively, as tracked by CoinShares.
Ethereum is off 35.82% from its all-time intraday high of $4,955.23 reached in August 2025.
ETFs that track ethereum — iShares Ethereum Trust ETF, Grayscale Ethereum Trust ETF and Fidelity Ethereum Fund ETF — dropped nearly 10% this week.
PIRRO TARGETS CHINESE CRYPTO FRAUDSTERS
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| ETHA | ISHARES ETHEREUM TRUST NPV | 23.69 | -0.25 | -1.04% |
| ETHE | GRAYSCALE ETHEREUM MINI TRUST [ETH] | 25.75 | -0.24 | -0.92% |
| FETH | FIDELITY ETHEREUM FUND SHS | 31.30 | -0.30 | -0.95% |
While investors celebrated the end of the longest government shutdown in history, the euphoria was short-lived on concerns that delayed economic data tied to the shutdown will force the Federal Reserve to pause its rate-cutting expectations at the December meeting and beyond. Market watchers have dropped the probability of a rate cut next month to 45% while 54% see no move, according to the CME’s FedWatch Tool.
SHUTDOWN DELAYED INFLATION DATA BUT FED DOES OWN TRACKING
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| I:DJI | DOW JONES AVERAGES | 47147.48 | -309.74 | -0.65% |
| SP500 | S&P 500 | 6734.11 | -3.38 | -0.05% |
| I:COMP | NASDAQ COMPOSITE INDEX | 22900.588707 | +30.23 | +0.13% |
While U.S. stocks saw big swings this week, with the three major averages ending mixed on Friday. The Dow was off more than 300 points, or 0.65%, while the S&P 500 lost 0.05% and the Nasdaq rose 0.13%.
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