Bitcoin Loses $100K Level, XRP ETF Goes Live, U.S. Government Reopens: Your Weekly Crypto Recap

On the surface, it was supposed to be a positive week. However, the reality is quite different and painful as BTC just plummeted to a six-month low and there’s no bottom in sight, at least for now.

But let’s rewind to the end of the previous week, when BTC had just dipped below the crucial $100,000 line but had managed to defend it. In fact, it recovered to around $102,000 during the weekend and jumped to $104,000 on Sunday afternoon and $107,000 on Monday after US President Trump promised $2,000 tariff checks to non-high-income Americans and hinted that the longest government shutdown would come to an end soon.