Bitcoin continued its freefall 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

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

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

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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%.