Ethereum’s Fusaka Upgrade Signals New Era for Value Accrual: Fidelity Digital Assets

Dogecoin has experienced a significant decline, dropping below the $0.1550 mark against the US Dollar. The cryptocurrency is consolidating losses and may encounter resistance near $0.1560. Following a drop below the $0.150 level, Dogecoin's price has shown bearish trends, with a low recorded at approximately $0.1448. This decline mirrors the broader bearish sentiment affecting major cryptocurrencies like Bitcoin and Ethereum.

XRP price has entered a new decline, trading below $2.050 and struggling against resistance near this pivot level. The price fell below the $2.00 support level, forming a low at $1.957. Currently, XRP is consolidating losses below the 23.6% Fib retracement level of the recent downward move, indicating a bearish trend.

Japan has approved a $135 billion stimulus package aimed at bolstering its economy amid ongoing challenges. This significant financial injection is expected to support various sectors and stimulate growth as the nation navigates economic uncertainties. The approval comes at a time when Bitcoin (BTC) is experiencing a dip, reflecting broader market volatility.

Bitmine has acquired an additional 17,242 ETH, valued at approximately $49 million, as part of its ongoing investment strategy in Ethereum. This purchase comes amid warnings from chairman Tom Lee regarding the ongoing challenges of weak liquidity among market makers in the cryptocurrency sector.

Ethereum's price has declined below $3,000, testing a low of $2,770. The cryptocurrency is currently attempting to recover but faces resistance around $2,880. A bearish trend line is forming with resistance at $3,050, and if Ethereum settles below the $2,800 zone, further declines may occur.

SharpLink Gaming has transferred 10,975 ETH to Galaxy Digital's over-the-counter (OTC) desk as Ethereum struggles to maintain its value above the critical $3,000 mark amid significant selling pressure in the cryptocurrency market. The overall sentiment remains negative, with fears of increased volatility and thinning liquidity affecting investor confidence.

Bitcoin's price has fallen toward the mid-$80,000 range as market structure weakens heading into the year-end. The cryptocurrency has struggled to maintain its value, reflecting a broader bearish trend in the market. This decline raises concerns about the potential for further losses as investor sentiment shifts negatively.

Coinbase has launched Ethereum-backed loans for eligible U.S. customers, allowing users to borrow up to $1 million in USDC without selling their ETH holdings. This new offering aims to enhance liquidity for users while leveraging their existing cryptocurrency assets.