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

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[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.

SHIB0.9%

BTC0.38%

XRP0.82%

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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.

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HackerWhoCares

· 12-07 13:22

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

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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.

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