Sep 19, 2025
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Crypto Markets Erase Week’s Gains in Friday Decline
The crypto market experienced a decline on Friday, erasing gains made earlier in the week. The Federal Reserve's recent interest rate cut initially pushed bitcoin (BTC) close to $118,000, but it has since fallen to $115,600, marking a 1.5% drop over the past 24 hours and stabilizing over the week.
- Ether (ETH) decreased from $4,750 to $4,460, down 2.9% in the last 24 hours and 1.5% week-over-week.
- Solana (SOL) and Dogecoin (DOGE) have returned to flat over the week, with SOL dropping 4.5% and DOGE 6.3% in the past day.
Technical Analysis
- Bitcoin has formed an ascending triangle pattern, indicating potential for upward movement.
- The price has been supported by a rising trendline since early September, suggesting ongoing accumulation and bullish sentiment.
- Traders are monitoring the $118,000 resistance level as a breakout point.
The market's current consolidation around $115,700 maintains a bullish outlook with higher lows favoring bulls.