BTC Holds Stable at $90,000, Vanguard Joins the Crypto Craze, ETH Fusaka Hard Fork Activated: Your Weekly Recap

And all eyes are now on the US Fed for next week’s FOMC meeting.

But before we delve deeper into the sudden crash of December 1, let’s recap what happened before that. Recall that Bitcoin started its substantial correction after the ATH in early October, but the worst happened in November, when the bears were in complete control of the market for weeks, taking it to a seven-month low of less than $81,000 on November 21.

The asset bounced and flirted with $90,000 before finally regaining that level at the end of the month. However, as mentioned above, December 1st brought another immediate and violent nosedive, with the price of BTC plummeting from around $91,000 to less than $84,000 within hours.

Nevertheless, the bulls were alert this time and did not allow another test of the $80,000 support. Bitcoin recovered almost as quickly, even rising to $94,000 a few times during the business week.

However, the general market weakness turned out to be too solid at this point and BTC was rejected there. Since then, the price has lost more than three thousand dollars and is now around $90,000, which essentially means that the price is slightly in the red every week.

The community’s attention now turns to next week’s FOMC meeting, the last of the year, when the US Federal Reserve will implement its long-awaited rate hike. The probability of a further 25 basis points cut is over 90% at Polymarket, which could be bullish for BTC and riskier assets.

Nevertheless, the weekly scale is quite painful for most altcoins. XRP is down over 6%, HYPE is down 12%, while ZEC has lost momentum and dumped almost 20%.

Market data

Market Cap: $3,180T | 24H volume: $116 billion | BTC dominance: 57.1%

BTC: $90,400 (-1.2%) | ETH: $3,090 (+2%) | XRP: $2.06 (-6.2%)

This week’s Crypto headlines you shouldn’t miss

Vanguard ‘Finally Caves’ Enabling Crypto ETF Trading for 50 Million Customers. After years of criticizing or at best ignoring the sector, the world’s second-largest asset manager decided to allow its 50 million customer base to trade exchange-traded funds and mutual funds, track Bitcoin and “select other cryptos” on its platform.

Fusaka Hard Fork goes live on Ethereum with huge boost to data availability. The other notable development in the cryptocurrency industry over the past week was the successful activation of Ethereum’s Fusaka Hard Fork. The update, which led to an immediate increase in the price of the underlying asset, is intended to improve data availability and scalability within the network.

Ripple (XRP) ETFs are calling the shots as total inflows surpass Bitcoin and Ethereum funds. It’s only been a few weeks since US investors got the chance to trade spot XRP ETFs, but the early numbers are quite impressive. The financial instruments are on a 14 trading day green streak and have outperformed their BTC, ETH and SOL counterparts in the meantime.

Strategy Increases Its Bitcoin Stack To 650,000 BTC As Price Dips Below $85,000. In addition to announcing a new BTC purchase, which brought the total stack to 650,000 units, Saylor’s Strategy also established a $1.44 billion USD reserve to “support the payment of dividends on its preferred stock and interest on its outstanding debt.”

CZ vs. Peter Schiff: Who Dominated the Bitcoin vs. Gold Battle in Dubai? Crypto The majority of users commented among the numerous videos online that CZ was gaining the upper hand.

Tom Lee predicts that Ethereum will rise to $20,000 during the tokenization wave in 2026. After making a few more multi-million dollar ETH purchases in the past week, Tom Lee doubled down on his big price predictions for the asset, claiming it could rise to $20,000 next year.

Charts

This week we have chart analysis of Ethereum, Ripple, Cardano, Binance Coin and Hyperliquid – click here for the full price analysis.