Bitcoin hit a three-month low of $65,000, bringing its weekly loss to 13.5%; Ethereum and Solana fell 18% over the same period.
According to CoinDesk, Bitcoin fell about 3% more after U.S. markets closed on Friday, touching $65,000. Losses were steeper among major altcoins: Ethereum (ETH), Solana (SOL), and XRP all lost value over the past week, with XRP down 16.3%.
September buyers stand out among those selling at a loss
Analyst James Check described the latest decline as Bitcoin’s fourth wave of heavy loss-taking since its all-time high. According to Check, most of those selling at a loss were investors who had not bought during the summer, when prices were in the mid-to-upper $60,000 range, and instead entered the market in September, when prices were in the $80,000 range.
Check compared the current price range with levels at the end of February and June, but said it was too early to say the market had bottomed.
Not investment advice.