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Crypto Gives Away Week's Gains in Friday Decline
Even with the pullback, bitcoin continues to make higher lows, a positive technical development.
Updated Sep 19, 2025, 4:41 p.m. Published Sep 19, 2025, 3:53 p.m.
What to know:
- Sizable Friday declines wiped out hard-fought weekly gains across crypto.
- The two hottest major cryptos — SOL and DOGE — suffered the largest reversals.
- Nevertheless, bitcoin has been making a series of higher lows, suggesting a possible coming breakout higher.
Markets take the escalator up and elevator down goes an old Wall Street shibboleth, and crypto is following that script this week, with several days of hard-earned gains more than wiped away in Friday trade.
Nearly pushing through the $118,000 level at one point on Thursday after the Federal Reserve one day earlier trimmed interest rates for the first time this year, bitcoin has pulled back to $115,600, down 1.5% over the past 24 hours and now essentially flat over the past seven days.
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Ether has pulled back from the $4,750 area to $4,460, lower by 2.9% over the past 24 hours and now off 1.5% week-over-week.
Amid ETF excitement and growing institutional adoption, the two hottest crypto majors this week were solana and . Both, however, have returned to flat over the last seven days, with SOL lower by 4.5% over the past 24 hours and DOGE down 6.3%.
Technical factors suggest reason for optimism
In a world where U.S. stocks have been putting in record highs on a daily basis, it may seem that bitcoin has failed to gain much ground of late. Its price action over the past few weeks, though, has formed a clear ascending triangle pattern, highlighted by a series of higher lows, while pressing against horizontal resistance near $118,000.
Each pullback since early September has found support at a rising trendline, signaling steady accumulation and a bullish bias among traders. The market is currently consolidating in the $115,700 around the rising support line.
For now, the higher lows keep the advantage tilted toward bulls, with traders closely watching the $118,000 ceiling.
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What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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Bitcoin Holds Near $92K as Selling Cools, but Demand Still Lags
ETF inflows have finally turned positive, but weak on-chain activity, defensive derivatives positioning, and negative spot CVD show a market stabilizing without the conviction needed for a sustained move higher.
What to know:
- Bitcoin markets in Asia are stabilizing but remain structurally weak, with short-term holders dominating supply.
- U.S. ETF flows have shown signs of stabilization, but on-chain activity remains near cycle lows, indicating weak capital inflows.
- Bitcoin and Ether have seen price recoveries driven by spot demand and improved sentiment, while gold is supported by U.S. labor data and Fed rate cut expectations.
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