Bitcoin resistance at the $106,000 level remains firm amid a strengthening US Dollar Index and persistent inflation worries. Long-term holders have moved significant volumes—over 1,800 BTC—to exchanges like Kraken, signaling waning market confidence and concern over emerging quantum computing risks.
Despite more than $524 million in inflows into Bitcoin ETFs, macro pressures are capping upside. At the same time, privacy coins are attracting fresh interest. Zcash (ZEC) has nearly doubled in price over the past month. Decred (DCR) and Monero (XMR) show double-digit gains as traders seek anonymity and security amid regulatory scrutiny.
Traders should monitor holder transfer activity, US dollar strength, and privacy coin momentum. These factors may drive further Bitcoin resistance or open new trading opportunities.
Bearish
BitcoinPrivacy CoinsMarket ResistanceLong-Term HoldersUS Dollar Index
US spot Bitcoin ETFs recorded a net outflow of $278 million on November 12, reversing the prior day’s inflows. Fidelity’s FBTC led withdrawals with $132.86 million, followed by ARK Invest’s ARKB ($85.18 M), BlackRock’s IBIT ($36.91 M) and Grayscale’s GBTC ($23.05 M). No fund saw inflows, signaling broad‐based profit-taking amid rising yields and market uncertainty. Analysts attribute the redemptions to short-term risk aversion and portfolio rebalancing rather than a loss of confidence. Traders should monitor ETF flows weekly and track regulatory clarity, institutional adoption and Bitcoin price momentum to gauge potential short-term bearish pressure versus long-term growth prospects in the Bitcoin ETF market.
The prolonged US government shutdown delayed release of October CPI and jobs reports, creating a data blackout that leaves the Federal Reserve without key inflation metrics. This uncertainty has driven Bitcoin down 1.1% to $102,100 and contributed to a 10% weekly drop. Prediction markets on Myriad cut the odds of Bitcoin reaching $115,000 before dipping to $85,000 from 61.4% to 58.8%. December rate-cut probability also fell to around 50%. Analysts from GreeksLive and HashKey warn that the missing inflation data fuels Bitcoin volatility and shifts trading toward sentiment-driven moves. Traders should watch for restored economic releases and Fed signals to regain clarity on market direction.
Bearish
BitcoinInflation DataVolatilityFederal ReserveUS Government Shutdown
Telcoin has received final approval to launch a regulated digital asset bank in Nebraska, marking a significant step for cryptocurrency banking. The new bank combines traditional banking security and compliance with custody services for digital currencies. Key feature is integration of Telcoin’s native stablecoin, eUSD, with U.S. bank accounts, enabling seamless fiat–crypto transfers, lower fees, faster cross-border payments, and enhanced blockchain security. Nebraska’s regulators subjected Telcoin to rigorous review, reflecting growing state-level support for digital banking innovation. The bank will offer secure custody, stablecoin integration, cross-border payments, mobile-first services and regulatory-compliant crypto offerings. This model bridges the gap between everyday banking and digital assets, paving the way for broader crypto adoption. As the first state-chartered digital asset bank, Nebraska sets a precedent for other jurisdictions and positions Telcoin at the forefront of regulated crypto services.
The recent US government shutdown has injected macroeconomic uncertainty into financial markets, delaying key regulatory decisions on Bitcoin and Ethereum ETFs. This uncertainty has directly stalled crypto market growth. According to CryptoQuant analyst GugaOnChain, the Market Cap Growth Rate decelerated sharply between October 1 and November 10, wiping out roughly $408 billion in aggregate market capitalization. Bitcoin’s growth rate fell from 16.75% to 6.60%, while the top 20 altcoins (excluding BTC) saw a drop from 32.29% to 14.67%. Mid- and small-cap assets were hardest hit, with growth collapsing to just 0.21%, signaling fading risk appetite.
Total crypto market capitalization now hovers around $3.48 trillion, consolidating near the 50-week moving average—a critical support zone. A decisive breakout could reignite growth, but continued regulatory delays and frozen economic data flow keep the market fragile. Traders await the resumption of government operations, next inflation reports, and potential ETF updates to restore confidence and drive renewed crypto market growth.
Bearish
US Government ShutdownCrypto Market GrowthMacroeconomic UncertaintyETF DelaysMarket Cap Decline
President Donald Trump signed a temporary budget bill on November 13, 2025, ending the record 35-day government shutdown. The new funding measure restores pay to roughly 800,000 federal employees and reopens national parks, museums, and key federal agencies. The bill secures operations through February 15 and provides time for Congress to negotiate a long-term spending package. The government shutdown, driven by disputes over $5.7 billion in border wall funding, halted critical services such as food stamps, housing assistance, and tax processing. With federal workers returning and services resuming, economic uncertainty eases. Lawmakers now face a three-week deadline to resolve differences on border security and fiscal policy or risk another shutdown.
Bullish
Government ShutdownBudget BillFederal FundingUS PoliticsFiscal Policy
Filipino startup New Prontera Corporation has launched Bagyo.app, a blockchain-based typhoon relief platform powered by the AI agent AERIS (Autonomous Emergency Response Intel System). Developed in 72 hours using AI-assisted vibe coding, Bagyo.app aims to coordinate emergency response during Super Typhoon Uwan. The system handles up to 2,000 users and offers scalable infrastructure. Donations are accepted anonymously via a built-in web3 wallet secured on blockchain. For in-kind contributions, users communicate with AERIS to locate local evacuation or relief centers. The team, led by John Sedano, Jared Dillinger, and El Bonuan, plans to open-source the code on GitHub, enabling government bodies and NGOs to adapt the technology for training and crisis management. By combining AI, blockchain, and community-driven efforts, Bagyo.app seeks to build trustless, transparent relief operations and foster resilience in the Philippines.
October’s crypto market slump failed to dent Web3 gaming growth and DeFi resilience, according to DappRadar. Web3 gaming accounted for 27.9% of unique active wallets, drawing over 4.5 million daily users—a 1% monthly increase. The report noted that innovation and improved user experiences have fueled Web3 gaming’s countertrend expansion. This surge drove NFT trading volume to $546 million in October. DeFi dApps held an 18.4% share, led by Pump.fun (4.29M UAW) and Jupiter Exchange (1.93M UAW), despite TVL slipping to $221 billion from $235 billion following a $20 billion market crash and multiple exploits.
AI DApps now represent 14.2% of activity, while social protocols and other emerging sectors bolster the decentralized application ecosystem. Separately, Allied Market Research forecasts the metaverse market will climb from $41.9 billion in 2020 to $1.2 trillion by 2030, driven by VR/AR, blockchain, and NFTs. Gaming remains the top metaverse use case, with content creation and social platforms set to achieve the highest CAGR. Major firms such as Alibaba, ByteDance, and Meta lead the charge, even as privacy, interoperability, and pricing concerns persist.
US President Donald Trump is set to sign a stopgap funding bill that ends the government shutdown. The temporary spending measure, approved by both congressional chambers, restores operations at critical departments. Federal agencies—including Health and Human Services, Interior, Housing and Urban Development, and Justice—have instructed staff to resume work on November 13. However, it remains unclear when furloughed employees will receive back pay and whether payroll systems can process overdue wages quickly. While the funding bill averts immediate service disruptions and reduces fiscal uncertainty, questions linger over longer-term budget negotiations. Market watchers will monitor whether prompt payroll restoration eases consumer confidence and spending, though the direct impact on financial markets and cryptocurrencies is expected to be limited.
Neutral
Government ShutdownFederal EmployeesFunding BillBack PayUS Politics
Polymarket has initiated live testing of its US exchange by opening order matching to select users. The crypto prediction market platform is running real trades on its US venue as it prepares for a full relaunch in the region. Users can buy and sell genuine prediction contracts on the platform, with founder Shayne Coplan confirming the US exchange is now operational and in its final testing phase. The platform is completing the last steps required to open the exchange to a broader audience.
This article compares Bitcoin inflation and Ethereum inflation mechanisms to help crypto traders understand their long-term scarcity models. Bitcoin’s deterministic supply caps issuance at 21 million coins through scheduled halving events every 210,000 blocks, driving its inflation rate down from 50 BTC per block to 3.125 BTC today and to zero by 2140. In contrast, Ethereum’s adaptive inflation model adjusts issuance via network upgrades: Berlin and Constantinople reduced block rewards, EIP-1559 introduced a fee burn that can trigger deflation, and The Merge slashed rewards by 90%, cutting issuance to around 0.5% annually. Both approaches reflect different trust philosophies—Bitcoin relies on unchangeable code, while Ethereum trusts community-driven evolution. For crypto traders, these models affect supply dynamics, potential scarcity and fee markets. Understanding Bitcoin halving and EIP-1559 fee burns is key to anticipating market shifts and positioning portfolios for long-term value preservation.
The US federal government officially resumed operations on November 13 after a record 43-day shutdown. President Trump signed H.R. 5371, ending the stalemate and blaming Democrats and President Biden for an estimated $1.5 trillion in economic losses. The six-week shutdown shaved 1.5 percentage points off Q4 GDP (around $11 billion) and disrupted air travel, tourism, food assistance programs and key economic data releases. Lawmakers agreed to a “first open, then debate” approach on ACA subsidies, sealed by defections from eight Senate Democrats and one independent. Agencies now face an administrative backlog—payroll restorations, permit approvals and audits will take days to weeks. Crypto markets, including stalled Litecoin ETF and 90 SEC filings, stand to benefit from resumed regulatory review. Investors should monitor fiscal negotiations and regulatory developments as market confidence returns.
Bullish
Government ShutdownUS Fiscal PolicyMarket ImpactCrypto RegulationETF Approvals
Bitcoin price fell 0.9% on Nov. 12, sliding from $103,177 to $102,203 after briefly reaching $105,342. A surge in trading volume—27,579 BTC or 138% above the 24-hour average—triggered the breakdown at 2 PM UTC. Price stabilized in a $101,500–$102,200 range during the final eight hours as volume cooled to an average of 165 BTC.
Despite the pullback, spot bitcoin ETFs saw record inflows of $524 million, led by BlackRock’s $224.2 million and Fidelity’s $165.8 million. On-chain metrics revealed elevated exchange inflows of 7,500 BTC per day, signaling profit-taking. Miner hash rate momentum remains strong, offering support against further distribution.
Key levels to watch include support at $102,000 and resistance at $105,050. A sustained drop below $102,000 could target $100,600–$101,200, while reclaiming $105,050 may open a path toward $107,400.
XRP trades around $2.38, up 4% on the week. Traders have identified a classic cup-and-handle pattern on the 3-day chart. The rounded bottom formed between Jan and Jul 2025. The handle now tests its upper boundary. Traders view this XRP breakout as a key signal for larger gains. A clean XRP breakout above this level could pave the way to a $5 target by year-end.
Indicators reinforce this view. The MACD shows a potential bullish cross. Chart analysts note a consolidation-expansion cycle mirroring past breakouts. On the 4-hour chart, a short-term “As Above, So Below” pattern suggests similar stages of price movement over 89-day periods. Key support lies at $2.30–$2.50. Resistance zones appear at $2.80, $3.00, $3.65, and $4.38 (the 1.414 Fibonacci extension).
Market sentiment remains tied to Bitcoin’s trend. XRP’s support at $2.41 is crucial. A bounce from this level could trigger further gains. Failure to hold may lead to continued range trading. Meanwhile, on-chain data shows XRP’s cumulative volume delta (CVD) turned positive for the first time in months. Such a move preceded a 75% rally in past cycles.
Developments in ETF offerings may also shape the outlook. Canary Capital plans to launch the first US-based spot XRP ETF on Nov 13. This product aims for full asset exposure. Traders will watch how ETF news interacts with technical signals.
In summary, the XRP breakout scenario hinges on key chart levels and ETF catalysts. A successful break above the handle resistance could accelerate a rally toward $5. However, market reaction will depend on Bitcoin’s trend and the ETF launch’s impact.
An aerospace company has developed an unmanned cargo ship designed for lunar missions and advanced space logistics. The robotic lunar cargo ship uses a new propulsion system to deliver high payloads to the Moon. It can transport supplies, habitats, and scientific equipment for moon bases. The project aims to support long-term human presence and complement other space agencies’ lunar exploration efforts. The company faces challenges such as the harsh lunar environment and complex system integration. Extensive testing and international collaboration are critical to mission success. If successful, the lunar cargo ship could expand future moon exploration and drive breakthroughs in space technology.
Binance will suspend ETH deposits and withdrawals during two planned maintenance windows. The first pause starts at 05:55 UTC on November 26 for wallet upgrades. The second halt begins at 21:45 UTC on December 3 to implement a major Ethereum network upgrade. Regular ETH trading on spot and margin markets remains unaffected, and other cryptocurrencies are not impacted. Traders should plan transfers around these maintenance windows to avoid delayed ETH deposits and withdrawals. Binance confirms that all existing ETH balances stay secure and that these upgrades aim to enhance transaction speed, strengthen security protocols, and improve compatibility with future Ethereum developments. Stay tuned to official Binance channels for real-time updates on ETH deposit and withdrawal status.
Gensyn has unveiled CodeZero, a decentralized collaborative coding platform that leverages its RL-Swarm network of proposer, solver and evaluator AI models to transform AI programming. The system’s model-based reward mechanism assesses code structure and logic without execution, shortening evaluation cycles, reducing computational costs and enhancing security. By eliminating compilation delays, CodeZero accelerates development and enables multiple specialized AI models to teach and learn from each other. This decentralized collaborative coding environment promises to improve code quality through collective intelligence, democratize access to AI-assisted programming, and support multi-language development. Challenges include achieving model consensus across languages and maintaining architectural robustness. Gensyn plans broader accessibility in coming months, marking a key step in AI programming evolution.
Ethereum’s falling wedge pattern on the daily chart indicates a potential bullish breakout to $5,000 if resistance near $3,580 is breached. The Ethereum falling wedge formation, identified by converging trendlines, signals buyers regaining control after recent declines. A bullish MACD crossover is imminent, with histogram bars turning positive, reflecting growing upward momentum. On-chain data shows institutions and whales accumulating over 500,000 ETH since early November, lifting market cap to $431.17 billion amid regulatory approval for ETF staking. Trading volume has surged above $30 billion, underlining strong market interest. Traders should watch for a decisive close above the wedge’s upper boundary on high volume to confirm the breakout. This setup aligns with past wedge breakouts that led to rapid price advances. A confirmed move could propel Ethereum toward the $5,000 target zone, offering a compelling trading opportunity. Key indicators and institutional support enhance confidence in sustained growth. Risk management remains crucial, so traders should set clear stop-loss levels and monitor volume to validate the trend.
Ethereum Fusaka Upgrade, slated for December 2025, is the largest scalability update since Pectra. It integrates 12 new EIPs, including Peer Data Availability Sampling (PeerDAS) for rollups, to cut bandwidth use and speed data verification. The upgrade also raises blob and block gas limits in progressive steps—from 30 million to 150 million gas units—to boost throughput and protect network stability.
At a recent Enterprise Ethereum Alliance briefing, developers detailed a new cryptographic precompile aligning with modern passkey standards for smoother wallet authentication and enterprise-grade user experience. Testnets on Hoodi, Holesky and Sepolia demonstrated faster synchronization and lower fees under peak loads.
For traders, the Ethereum Fusaka Upgrade signals higher network capacity, lower transaction costs and greater Layer-2 adoption potential. ETH trades around $3,842 amid bearish exchange inflows, with support near $3,600. Long-term efficiency gains may underpin renewed demand, while short-term volatility could offer trading opportunities.
Chain Code Delegation is a collaborative custody technique for Bitcoin keys that enhances privacy, security, and spending policy enforcement. Unlike standard BIP32 hierarchical wallets where xpubs grant full visibility into key derivations, custodians in chain code delegation hold only a non-extended public key and receive BIP32 scalar tweaks off-chain at signing time. The chain code delegation method establishes spending conditions—such as change output verification and rate limits—by requiring users to provide scalar tweaks for each output index. These tweaks enable custodians to derive child keys (P_i = P_par + G*t_i) and sign transactions without accessing the full chain code or monitoring other UTXOs. Privacy is improved as custodians only see transactions they sign, and advanced methods like blind Schnorr signatures can further conceal predicate details. Security risk is minimized: without chain code or tweaks, custodial keys cannot sign UTXOs, and any leaked tweak is only valid for a narrow time window. Chain Code Delegation offers a flexible approach to enforce access controls across devices—from mobile wallets to hardware signers—optimizing custody solutions for Bitcoin traders and institutions.
Global crypto regulation is evolving from enforcement to structured frameworks, heightening oversight and compliance. The EU’s Markets in Crypto-Assets Regulation (MiCA) establishes uniform rules for issuers, exchanges and wallet providers, covering market access, disclosure and AML requirements. International bodies such as FATF and IOSCO warn that tokenization and stablecoins pose systemic risks, urging stricter rules on custody, valuation and the Travel Rule. In the US, selective enforcement by agencies like the SEC increases uncertainty but promotes stronger governance among firms. China emphasizes its eCNY central bank digital currency, restricts domestic trading and ICOs, and pilots offshore RMB-pegged stablecoins to enhance cross-border settlements. Globally, regulators are treating stablecoins as banking products under central bank oversight, driving higher compliance costs and favoring institutional players. Traders should monitor these crypto regulation developments to adapt risk management and product strategies accordingly.
Domain Energy Holdings, a Hong Kong-listed company, will acquire a 5.56% interest in the licensed virtual asset exchange VAX for HKD 100 million. The acquisition comprises HKD 24 million in cash and HKD 76 million via a three-year zero-coupon convertible bond. The bond carries a conversion price of HKD 2.5 per share. This acquisition marks Domain Energy’s debut in owning equity in a virtual asset exchange. The strategic investment reflects rising demand for licensed trading platforms and underscores confidence in VAX’s growth prospects.
Neutral
Virtual Asset ExchangeAcquisitionVAXConvertible BondsDomain Energy Holdings
On November 13, the SEC chair announced a sweeping crypto regulation overhaul with a four-tier token classification system. The new SEC token classification divides crypto assets into network tokens, digital collectibles, digital utilities and tokenized securities. Most tokens—such as decentralized network tokens, NFTs and utility tokens—will fall outside securities law, while tokenized securities remain subject to SEC oversight.
The framework also updates the Howey test interpretation, recognizing that an investment contract can terminate once issuer promises are fulfilled. Tokens that mature beyond their initial investment contract won’t automatically remain securities under the revised token classification.
Future measures include tailored issuance regimes and permission for non-security tokens to trade on non-SEC platforms, all under existing anti-fraud provisions. This crypto regulation update aims to reduce uncertainty, protect investors and keep innovation in the U.S., supporting pending congressional market-structure legislation.
Binance has announced support for Ethereum network’s upgrade and hard fork, scheduling a maintenance window for ETH wallets on November 26, 2025. Beginning at 14:00 UTC+8, ETH deposits and withdrawals will be suspended at 13:55 and are expected to resume automatically after approximately one hour. The Ethereum network upgrade is set for December 4, 2025 at 05:50 UTC+8, with Binance pausing ETH token transactions at 05:45. Traders should prepare for temporary service interruptions and adjust trading strategies around these dates.
Galaxy Digital’s tokenization head Thomas Cowan announced that blockchain tokenization is now decoupling from Bitcoin price movements, ushering in a BTC-independent phase. Institutions, focused on efficiency, cost reduction and liquidity, view tokenization as core infrastructure rather than a speculative tool. On-chain settlement can shrink T+1 or T+2 into T+0, automate compliance with transparent audit trails, and cut operational costs by over 40%. Illiquid assets like private equity and real estate become divisible and tradeable 24/7 on secondary markets. BlackRock’s USD Digital Liquidity Fund (BUIDL) has amassed $2.3 billion, while JPMorgan pilots tokenized lifecycle management. Galaxy Digital partners with Superstate to list Nasdaq equities on Solana for near-instant settlement. According to Broadridge, 63% of custodians and 15% of asset managers already offer tokenization services. Regulatory uncertainty remains a top concern, but programmable compliance (“law as code”) is gaining traction. Standard Chartered projects tokenized assets could swell to $30.1 trillion by 2034, with institutions allocating 10–40% of portfolios to tokenized real-world assets by 2030. As blockchain tokenization solidifies its role in financial infrastructure, traders should monitor RWA token launches, settlement innovations and regulatory milestones.
Taiwan’s legislature has launched an investigation into seized Bitcoin assets. Legislator Ge Ru-jun called for a thorough review to determine whether to hold these crypto assets as long-term investments or liquidate them for immediate revenue. Central Bank Governor Yang Chin-long confirmed a detailed research report will be published by year-end. The probe will assess market volatility, storage security, legal frameworks and optimal timing for potential liquidation. This investigation into seized Bitcoin marks a landmark in government crypto asset strategy. The outcome will guide policy on asset management and could set an international precedent for handling seized cryptocurrency. Stakeholders will monitor how Taiwan balances short-term fiscal needs against future gains. This neutral stance underscores the growing integration of digital currencies into national finance strategies and highlights the importance of clear regulatory standards for crypto assets.
Schwab Crypto Thematic ETF (STCE) is a high-beta crypto ETF providing exposure to crypto-linked equities. STCE carries elevated risk with 64% annualized volatility and notable tracking error. The fund is concentrated in fintech, heavy on Financials and Information Technology sectors. Analysts rate STCE a buy based on reasonable valuation multiples and crypto market seasonality. Technical analysis shows STCE trading near key Fibonacci support levels and above its rising 200-day moving average, suggesting a favourable, risk-managed entry. The ETF’s upside relies on bullish trends in bitcoin and ether, coupled with seasonal tailwinds historically observed in Q4. Traders should weigh STCE’s concentrated sector exposure and volatility when planning entries and risk control.
In August, the Enterprise Ethereum Alliance (EEA) hosted an intimate EEA Dinner in New York City to accelerate Ethereum interoperability and institutional adoption. The event convened over 20 industry leaders across Ethereum infrastructure (zkSync, Arbitrum, Aztec, Kinto, Lisk, Blockdaemon, The Graph), financial institutions (DTCC, Moody’s, BlackRock), DeFi innovators (Aave, Midas, Ethena) and investors (Lantern Capital, Ethereum Ecosystem Fund, Berkshire Global Advisors). EEA members Microsoft, Lido Finance, Chainlink Labs, Matter Labs, ENS Labs and The Graph reinforced the alliance’s mission through high-value networking. Held at Union Market with curated cocktails and fine wines, the dinner fostered open discussions on scalability, cross-chain protocols and enterprise use cases. Looking ahead, the EEA will continue hosting intimate gatherings to bridge builders and institutions, driving sustainable growth in the Ethereum ecosystem. Stay tuned for the next EEA event and membership opportunities.
The bitcoin price extended its higher-low pattern from early November and briefly hit $105,000. Traders remain cautious around the key resistance zone at $107,000. Analyst Daan Crypto Trades says a successful break above $107,000 would confirm a bullish bias, while Crypto Tony describes $107,400 as an ideal short zone. Luca warns of deeper pullbacks if prices fall below the moving-average support band, prompting potential hedging on spot positions. On-chain data from CryptoQuant highlights one of the largest Binance BTC withdrawals of 2025, coinciding with bitcoin price touching $103,000. Increased OTC desk activity suggests institutional accumulation. Overall, these large withdrawals and accumulation patterns signal a bullish outlook, though short-term resistance may spur consolidation.