Ethereum is trading at $3,000 with an MVRV ratio of 1.27, reflecting neutral market conditions. The network increased its block gas limit to 60 million from 45 million, while staking inflows rose by 160,000 ETH over the past ten days ahead of the December 3 Fusaka upgrade.

Bitcoin mining difficulty reached a record 155 trillion on November 3rd, while hashprice fell to an all-time low of $34.49 per petahash per second, data show. Mining profitability declined to $0.0334 per terahash per second daily, the lowest level since 2023. The combination of record difficulty and depressed hashprice has compressed operator margins across the sector.

Several Solana exchange-traded funds debuted this week from Fidelity, 21Shares, VanEck, and Canary Capital. Solana's Real World Assets total value locked reached $800 million in early November, marking a 13% monthly increase. BlackRock's BUIDL fund posted a 768% quarter-over-quarter surge during the same period.

Bitcoin dropped to $81,000 following a November 21 event that recorded approximately $3 billion in Net Realized Profit/Loss, the largest net swing since the 2023 bear market. On-chain data show large holders have been distributing BTC since Q4 began, contributing to muted buying pressure and preventing a sustained recovery despite the asset reaching $126,000 just days before the October correction.

Dogecoin has maintained trading above $0.15 for over one month, supported by positive on-chain indicators. Exchange net position turned positive for the first time in more than two months, according to Glassnode data. The 100 million-1 billion DOGE holder cohort accumulated approximately 5 billion tokens during December.

Ethereum's total value staked reached an all-time high of 36.27 million ETH this week, with approximately 200,000 ETH added to staking pools over the past seven days, data show. The milestone comes as ETH posted its worst quarterly performance relative to Bitcoin since 2019, declining 28% in Q4. Long-term holders continued staking despite price volatility, with the asset trading near $3,000.

Solana has dropped 30% during Q4, making it one of the weakest performers among major cryptocurrencies. While retail investors and whales have capitulated, institutional holders have accumulated 24 million SOL tokens across 20 digital asset trusts and 2 ETFs, pushing their exposure to all-time highs.

Harvard University has made Bitcoin its largest portfolio holding with a $442 million stake in BlackRock's IBIT ETF, according to recent 13F filings. The position was built during a period when Bitcoin ETFs experienced approximately $2 billion in net redemptions over two weeks. IBIT recorded outflows in nine of its past 14 trading sessions.

Ethereum maintained the $3,000 price level with a 3.5% recovery while Bitcoin dominance faced rejection at 60%. ETH dominance rose above 12% as traders rotated capital toward altcoins. Spot ETF products continued experiencing net outflows and whale wallets realized significant losses.