Crypto Market Closing Observation for the First Week of December: SHIB Returns to Zero Gains, Bitcoin Stuck at Key Level

2025-12-07 13:00:16

Abstract generation in progress

[Crypto World] First week of December closed, and the crypto market atmosphere feels a bit subtle.

It really feels like the end of 2021—that time when it was dropping even faster than the stock market. The 12% SHIB worked so hard to gain over two weeks was wiped out instantly, now lying flat at $0.0000084. Whether it can bounce back this month probably depends on Bitcoin’s performance.

XRP is having an even rougher time, the biggest loser among the top ten, down 7.24% for the week. But at least the $2 psychological barrier held, so maybe a consolation prize?

Bitcoin is now stuck just below the middle band of the Bollinger Bands, a pretty crucial spot. If it breaks upward, $94,300 is in play; if not, it might test $84,400 on the downside. What happens here will pretty much decide whether there’s a “Christmas rally” to look forward to at the end of the year.

SHIB1.32%

BTC-1.11%

XRP-0.24%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

9 Likes

Reward
9
4
Repost
Share

Comment

0/400

StrawberryIce

· 10h ago

It’s this kind of market again. That 12% from SHIB might as well not exist, it went straight to zero. Where’s that promised comeback? Looks like we still have to wait for BTC to give us a break. XRP has taken a pretty hard hit this week, but holding the $2 level means it didn’t totally collapse—a small victory. Bitcoin’s position here is really critical. It’ll either break out to 94,300 or drop lower. The Christmas rally really depends on what BTC does.

View OriginalReply0

FreeMinter

· 12-07 13:24

Damn, SHIB is really trash. When it goes up, it's as slow as a snail, but when it drops, it's faster than a rollercoaster. I won't even talk about XRP, it just hurts, bro. BTC is at a critical point right now. It's either heading to 94300 or dropping to 84400. Let's see how it performs this week. Whether we can catch a good market at the end of the year all depends on this.

View OriginalReply0

HackerWhoCares

· 12-07 13:22

Alright, SHIB is at it again, giving away 12% for nothing. This coin really makes people worry.

View OriginalReply0

gas_fee_therapist

· 12-07 13:19

This SHIB wave is really a huge loss, two weeks' worth of gains are just gone like that, it's hilarious. XRP holding at $2 is indeed the only victory, but it feels like it won't last much longer. Bitcoin's current position is really critical, if it can't break 94300, just wait for a plunge.

View OriginalReply0

Trending TopicsView More
#JoinCreatorCertificationProgramToEarn$10,000
100.55K Popularity
#FedRateCutPrediction
16.61K Popularity
#SUIETFLaunched
6.06K Popularity
#BitcoinActivityPicksUp
4.02K Popularity
#PostonSquaretoEarn$50
34.63K Popularity

Hot Gate FunView More

1
GUSDGUSD
MC:$3.9KHolders:4
1.52%
2
10u战神10u战神
MC:$3.55KHolders:1
0.00%
3
Kk康康
MC:$3.85KHolders:2
1.38%
4
GAUSDTGATE
MC:$3.57KHolders:3
0.00%
5
GFS高富帅
MC:$3.62KHolders:2
0.04%

Sitemap