1. Bitcoin Market
Bitcoin Price Movement (November 1, 2025 – November 7, 2025)
Over the past four days (November 1 to November 7, 2025), Bitcoin's overall price movement can be summarized as "sideways consolidation → rapid downward fluctuations → low-level rebound and recovery."
The price mainly fluctuated between $111,000 and $101,000, with significant declines during this period. On November 5th, the price plummeted, breaking below the low formed by the "10.11" price spike, causing Bitcoin to fall below the $100,000 mark and reach a new low since June, indicating a significant decline in market risk appetite.
Sideways Consolidation Phase (November 1 to November 2)
From November 1st to 3rd, Bitcoin maintained a sideways consolidation within the $108,656–$111,133 range, with low trading volume and a strong wait-and-see attitude in the market. Following the Fed's rate cut the previous week, short-term buying interest gradually weakened, and major funds began cautiously reducing their positions.
Causes of the trend:
- Market expectations for macroeconomic policies (such as US rate cuts and interest rate path) became cautious, with no new strong catalysts emerging.
- Prices were in a high range, short-term buying interest was weak, and while institutional funds did not exit quickly, their entry was slow.
- Technical analysis showed prices approaching previous highs, with buying and selling forces locked in a stalemate, resulting in sideways consolidation.
Rapid downward volatility phase (November 3rd to November 5th)
On November 3rd, the cryptocurrency market experienced a flash crash, with prices breaking downwards and declining from the support level of approximately $108,000. Over $1.2 billion in positions were liquidated within 24 hours.
On November 4th, there was a brief period of consolidation and pullback, with prices repeatedly rising to $108,000 and then repeatedly falling to $105,000, with the trading range gradually widening.
On November 5th, Bitcoin further declined during trading, breaking below the psychological barrier of $100,000 and accelerating its fall to a low of below $99,000, a new low since June, triggering market concerns. The 24-hour drop reached 7.34%. In the past 24 hours, $2.028 billion in positions were liquidated across the entire network, with $614 million in BTC liquidations. Market panic intensified, with short sellers dominating short-term price movements.
Causes of the price movement:
- After the support level was broken, stop-loss orders and leveraged funds were forcibly liquidated, pushing the price down rapidly.
- Deteriorating macroeconomic environment: A stronger US dollar index, rising US Treasury yields, and decreased risk appetite led to capital outflows from risky assets, including cryptocurrencies.
- Weakening technical indicators: The price broke through multiple key support levels and moving averages, forming a downward channel.
- Increased long positions and leveraged liquidations. Reports indicate that this round of decline triggered large-scale liquidations, tightening liquidity in risky assets.
Low-level rebound and recovery phase (November 6th to November 7th)
On November 6th, Bitcoin rebounded from a low of approximately $99,000 to a range of approximately $100,832–$103,000, reaching a high of $104,526.
However, it remains in a weak, volatile state and has not yet shown signs of a reversal. As of press time, the price is $101,141.
Causes of the price movement:
- Some buying entered the market after the bottoming out, forming a rebound, but the momentum was insufficient.
- Market funds remain largely on the sidelines, and institutions have not yet made large-scale contrarian moves.
- Technical and fundamental factors remain bearish, making it difficult for the rebound to break through the high-level resistance.
2. Market Dynamics and Macroeconomic Background
Capital Flows
1. ETF Fund Dynamics
Bitcoin ETF Fund Flows This Week:
November 3: -$186.5 million
November 4: -$566.4 million
November 5: -$137.0 million
November 6: +$127.5 million
ETF Inflow/Outflow Data Image
This period saw significant ETF outflows, especially on the 4th and 5th, reflecting institutional withdrawal or a wait-and-see approach due to increased market uncertainty. While there was a small inflow on November 6th, the magnitude was far lower than the outflows of the previous two days, maintaining an overall outflow trend.
2. Net Outflows from Exchanges Expand Global Accumulation Phase
As of early November, data from multiple exchanges showed that net Bitcoin outflows continued to expand on major exchanges. Analysis indicates that while some funds continue to shift to cold wallets, the outflows are accompanied by signs of weak demand, suggesting the accumulation phase may be being interrupted. According to a Citibank report, the slowdown in inflows into spot ETFs has become a key risk factor for Bitcoin bulls.
Bloomberg ETF analyst Eric Balchunas wrote that Bitcoin ETF growth follows a pattern of two steps forward, one step back, and is currently in the step-back phase. This pattern can be seen in IBIT's fund flows. In my opinion, this is part of the development process. Only children expect prices to rise every day.
3. Long-Term Holder Dynamics
This period, market reports showed that Bitcoin's price fell below the $100,000 mark, accompanied by increased pressure from high-leverage liquidations. Although specific open interest (OI) and funding rate data are unavailable, the combination of ETF outflows and price pullbacks suggests that short-term leverage risks are becoming more prominent, and liquidity is tightening.
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A CryptoQuant report points out that loss-making selling by short-term holders is exacerbating downward pressure on the market. Today alone, approximately 30,300 Bitcoins were transferred to exchanges at a loss, indicating a significant increase in "capitulation" selling pressure from buyers recently.
Citigroup analysts also stated that the number of large Bitcoin holders continues to decrease, while the number of small retail wallets is increasing, indicating that some long-term investors are gradually reducing their holdings. ETF fund flows remain a key indicator for judging the shift in market sentiment. Meanwhile, the decline in financing rates reflects weakening market leverage demand and a more conservative investor sentiment.
On-chain data shows that long-term holders sold approximately 400,000 Bitcoins (worth about $45 billion) in the past month, becoming a significant driver of the current decline. Analysts believe that the continued selling pressure in the spot market has temporarily imbalanced the market structure, especially with long-term holders cashing out at high levels, further exacerbating short-term supply and demand imbalances and price volatility.
Technical Indicator Analysis
1. Relative Strength Index (RSI 14)
Bitcoin 14-day RSI data image
According to the latest data, as of November 7th, the RSI was approximately 31.94, falling to a relatively weak level.
The RSI is nearing oversold territory (30 is typically considered oversold), indicating significant downward pressure in the short term and a state of excessive pessimism in the market. However, from a cyclical perspective, conditions for a rebound are accumulating.
Combining historical backtesting and trading volume characteristics, if the RSI can steadily rise above 40, and ETF fund flows turn positive, a bottom for the current phase will likely be confirmed.
2. Moving Average (MA) Analysis Latest moving average data shows:
- MA5 (5-day moving average): $103,102
- MA20 (20-day moving average): $109,424
- MA50 (50-day moving average): $113,882
- MA100 (100-day moving average): $115,326
- Current price: Approximately $101,555
Image of MA5, MA20, MA50, MA100, M200 data
Bitcoin has fallen below the 200-day moving average (SMA). Bitcoin lost key support at $109,000 and is currently hovering around $103,500. The next key level is at $99,000, which has historically provided support during pullbacks. A rise above the MA20 ($109,424) would be a reversal signal; a continued low level could test lower support zones.
3. Key Support and Resistance Levels
- Support: Approximately $99,000 area (a new area of focus after the recent break below)
- Resistance: Approximately $105,000 area The current price is above the support level, but multiple failed attempts to break through the resistance level have led to pullbacks, suggesting the market may enter a short-term range-bound trading pattern.
Market Sentiment Analysis
Fear & Greed Index Data Image
As of November 7th, the Fear & Greed Index ended the period at 21 points, in the "Extreme Fear" zone. The image data shows the index continues to decline.
Looking back at this week (November 1st to November 7th), the Fear & Greed Index was 33 (Fear), 35 (Fear), 36 (Fear), 27 (Fear), 20(Fear), 24 (Fear), and 21 (Fear). The overall range was between 36 and 20 points, consistently remaining in the "Fear" zone. This low sentiment reflects investors' general risk aversion and reduced exposure. If the index rebounds to 30-40 points, it can be seen as the starting point for confidence recovery.
Overall, Bitcoin market sentiment showed a rapid downward trend this week. Although fear dominated, market sentiment slightly warmed up from 33 points between November 1st and November 3rd. Afterwards, the market crash caused sentiment to plummet, falling into the extreme fear zone around 20 points. Sentiment was nearing its bottom, but rebounded slightly to 24 points on November 6th, without yet showing signs of bottoming out.
Macroeconomic Background
1. Easing of US-China Relations Enters Implementation Phase
On November 1st, the White House released the "Fact Sheet on US-China Trade Relations," confirming that the two sides had reached a phase-one trade agreement. China will suspend some tariff and non-tariff measures imposed on the US since March 2025. On November 5th, Reuters reported that China will lift or suspend export controls on some US high-tech and energy companies starting November 10th, marking the implementation phase of trade easing. Furthermore, the Associated Press reported that both sides agreed to establish a military communication and crisis hotline mechanism, the first reopening of military communication channels since 2022, seen as a signal of reduced geopolitical risks.
The easing of geopolitical risks has effectively compressed global risk premiums, providing medium- to long-term support for risk assets, including Bitcoin.
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2. US Stock Market Adjustment and Declining Risk Appetite
The US stock market continued its high volatility, with retail investor sentiment significantly cooling.
According to a Goldman Sachs report cited by Jinshi Data, the Retail Favorites Index fell 3.6% on November 5th, the largest single-day drop since April 10, 2025, approximately three times the decline of the S&P 500. The index comprises growth stocks with high retail investor holdings, such as Palantir, Tesla, and Nvidia.
Bitcoin also corrected this week, briefly falling below the $100,000 mark. Due to the high correlation between US stocks and crypto assets, retail investor withdrawals and reduced leverage exacerbated market risk aversion, suppressing Bitcoin prices in the short term.
3. US employment data shows signs of economic slowdown
1. ADP Nonfarm Employment Change
Released on November 5th, showed an actual increase of 42,000 jobs, higher than the market expectation of 32,000, but significantly lower than the previous figure. The data shows that the US labor market is still maintaining positive growth, but the growth rate has slowed significantly, indicating that companies are becoming more cautious in hiring. This result, to some extent, reinforces the market's judgment of a slowdown in economic momentum.
2. Initial Jobless Claims
Released on November 7 (week ending November 1), the report showed that initial jobless claims rose to 229,000, up from 219,000 the previous week. The modest increase in unemployment claims suggests marginal weakness in the job market, potentially providing a basis for a shift in monetary policy in the coming months.
4. US Government Shutdown Sets Record Longest
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As of November 6, Eastern Time, the US federal government shutdown had lasted 37 days, breaking the previous record of 35 days from the end of 2018 to the beginning of 2019. This shutdown reflects the long-standing deadlock between the two parties in Congress over budget appropriations. It may force the "Crypto Markets Structures Act" to be delayed until 2026. The continued shutdown not only affects government employee salaries but also puts negative pressure on economic confidence and financial markets. White House digital asset advisor Patrick Witt stated that the shutdown of relevant departments has severely impacted the drafting of the bill; Blockchain Association CEO Summer Mersinger also pointed out that legislative delays are almost a foregone conclusion.
According to data from the decentralized prediction platform Polymarket, the probability that the US government shutdown will end after November 16th has risen to 44%, indicating that the market expects a low probability of resumption of work in the short term; the probability of ending between November 8th and 11th is 22%, and the probability of ending between November 12th and 15th is 30%. The continued shutdown not only weakens economic confidence but also increases financial market volatility, suppressing sentiment towards risk assets.
3. Mining Dynamics
Hashrate Changes
Over the past seven days, the Bitcoin network hashrate has remained relatively stable, maintaining a range of 1055.21 EH/s to 1200.10 EH/s this week, at a relatively high level.
From a trend perspective, the total network hashrate remains high, with relatively small fluctuations. Stable power supply in North American mining areas allowed some mining companies to resume or increase their hashrate, providing a solid foundation for maintaining high hashrate levels. This week's major fluctuations showed a certain correlation with price movements: as Bitcoin prices fell on November 3rd, the network hashrate also experienced a brief synchronized decline (touching a low of 1055 EH/s); under the pressure of high mining difficulty and energy consumption, miners' profit margins are being squeezed, causing short-term fluctuations in overall hashrate.
Weekly Bitcoin Network Hashrate Data
As of November 7th, the network hashrate reached 1.09 ZH/s, and the mining difficulty was 155.97 T. The next difficulty adjustment is expected to take place on November 12th, with an estimated decrease of 0.70%, bringing the adjusted difficulty to approximately 154.89 T.
Bitcoin Mining Difficulty Data
Bitcoin Hash Price Index
From the perspective of daily revenue per unit of computing power (Hashprice), Hashrate Index data shows that as of November 7, 2025, Hashprice was $41.32/PH/s/day. This week, Hashprice largely followed the Bitcoin price trend, showing a gradual recovery after a high:
- November 1: Weekly high of $44.79/PH/s/day
- November 5: Weekly low of $40.58/PH/s/day
Hashprice fluctuations are primarily driven by Bitcoin prices and transaction demand. Simultaneously, the dynamic adjustment of the total network hashrate is also weakening miners' marginal revenue. Overall, although Bitcoin mining revenue saw a significant decline last week due to price and transaction fee fluctuations, it gradually recovered before the weekend, demonstrating a certain degree of resilience. Considering the Hashprice trend, miners' revenue has fluctuated in the short term, showing an overall downward trend, and miners' profit margins are being compressed to some extent. Hashprice Data
4. Policy and Regulatory News
Hong Kong Plans to Relax Trading Rules and Launch Tokenization Pilot Program, Allowing Licensed Exchanges to Share Liquidity
November 4th news: Hong Kong regulators and the Securities and Futures Commission (SFC) reportedly plan to relax some trading restrictions, launch an asset tokenization pilot program, and allow licensed local exchanges, with SFC approval, to share order books with overseas platforms to access global liquidity. These measures have been widely reported by major media outlets. Hong Kong is attempting to position itself as a more open digital asset hub—attracting exchanges, market makers, and institutions by relaxing liquidity access and supporting tokenization. In the short term, this will benefit local licensed exchanges and boost trading depth, but it will also trigger discussions on compliance and cross-border regulatory coordination.
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South African Court Rules: Cryptocurrency Transfers Temporarily Excluded from Foreign Exchange Controls Under Current Law
November 5th news: A series of judicial opinions from the Pretoria High Court indicate that, under existing foreign exchange control regulations, cryptocurrencies are not defined as "currency" or "capital." Therefore, before legal revisions, it will be difficult to include crypto assets within the existing foreign exchange reporting and control framework. Legal and regulatory commentators point out that if regulators want to bring crypto assets under foreign exchange controls, they need to amend legal texts or enact specific regulations; otherwise, regulatory gaps will persist. The report emphasizes that this is an important judicial reminder regarding South Africa's regulatory path. In the short term, the degree of restriction on cross-border flows of crypto assets in South Africa remains unchanged; however, for regulators, this ruling increases the urgency of closing loopholes through legislation rather than administrative interpretation.
Canada Announces 2025 Stablecoin Regulatory Plan
On November 6th, according to Cointelegraph, the Canadian government officially announced its regulatory plan for stablecoins in its 2025 federal budget, closely following the regulatory direction of the US GENIUS Act.
According to the plan, stablecoin issuers must maintain adequate reserves and establish a sound risk management system.
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5. Bitcoin Related News
Global Corporate and National Bitcoin Holdings (This Week's Statistics)
1. Strategy (formerly MicroStrategy) Purchases 397 Bitcoins
On November 3rd, it was announced that the company purchased 397 Bitcoins between October 27th and November 3rd at an average price of approximately $114,771 per Bitcoin, equivalent to approximately $45.6M, bringing its total holdings to 641,205 Bitcoins. The purchase date was November 3rd, 2025.
2. Hong Kong Telecom Company Moon Inc. Increases Holdings by 6.12 Bitcoins at an Average Purchase Price of $109,800
On November 3rd, Hong Kong Telecom Company Moon Inc. announced the acquisition of 6.12 Bitcoins at an average price of $109,800, increasing its Bitcoin reserves to 35 Bitcoins, with an average cost basis of $91,394.
3. South Korean listed company Bitplanet increases its holdings of Bitcoin by 23, bringing its total holdings to 151.67.
November 3rd news: According to BitcoinTreasuries.NET, South Korean listed company Bitplanet purchased 23 new Bitcoins, bringing its total Bitcoin holdings to 151.67.
4. Strive plans to issue SATA preferred shares to raise funds for increasing Bitcoin holdings.
November 4th news: According to CoinDesk, Nasdaq-listed asset management company Strive (ASST) announced its plan to issue 1.25 million SATA preferred shares, with an initial annualized dividend of 12% and monthly cash dividends. The funds raised will be used to increase Bitcoin holdings, operational expansion, and potential share buybacks.
5. Steak 'n Shake Establishes "Strategic Bitcoin Reserve" to Incorporate Bitcoin Payment Revenue into Company Treasury
On November 4th, the American restaurant chain Steak 'n Shake announced the establishment of a Strategic Bitcoin Reserve (SBR): This reserve will directly incorporate Bitcoin payment revenue received into the company's Bitcoin treasury and encourage customers to pay with BTC through promotions (such as "Bitcoin meals"). The company did not disclose the size of the one-time purchase, but this strategy is based on "accumulating Bitcoin through acquiring/operating revenue."
6. Remixpoint Adds 29 Bitcoins, Total Holdings Reach 1411
On November 4th, according to TreasuryStocks, Remixpoint spent $3.4 million to purchase 29 new Bitcoins, increasing its Bitcoin holdings to 1411.
7. The Smarter Web Company, a UK-listed company, adds 4 Bitcoins, bringing its total holdings to 2,664.
November 4th news: According to BitcoinTreasuries.NET, The Smarter Web Company (stock code: $SWC), a UK-listed company, added 4 Bitcoins, bringing its total Bitcoin holdings to 2,664.
8. Matador Technologies, a Canadian-listed company, is raising $100 million to purchase Bitcoin.
November 4th news: According to market sources, Matador Technologies (stock code: MATA), a Canadian-listed company, is raising $100 million through a convertible bond issuance to purchase more Bitcoin.
9. MicroStrategy plans to raise funds for future Bitcoin purchases through the issuance of euro-denominated perpetual preferred shares (STRE).
November 4th news: Digital asset treasury company Strategy launched an initial public offering of 3.5 million euro-denominated perpetual preferred shares to support general corporate operations, including Bitcoin purchases. In addition, Strategy announced on Monday that it had purchased 397 BTC, bringing its total holdings to 641,205 BTC.
10. Hyperscale Data's Bitcoin Treasury Increases to $73.5 Million, Currently Holding 234.72 BTC
On November 4th, according to PRNewswire, US-listed BTC treasury company Hyperscale Data (NYSE American: GPUS) announced that its total Bitcoin treasury assets have reached approximately $73.5 million, representing about 61% of the company's market capitalization.
11. Switzerland — FUTURE (Future Holdings AG) Completes CHF 28M Strategic Funding to Expand Bitcoin Treasury
On November 5th, Swiss Bitcoin treasury company FUTURE (Future Holdings AG) announced on November 5th, 2025, that it had completed a strategic financing round of CHF 28,000,000 (approximately $32 million). The company stated that the funds will be used to expand its BTC inventory, custody, and treasury services businesses.
12. Cango Inc. Increases Holdings by 472 Bitcoins
On November 6th, Cango Inc., a NYSE-listed Chinese auto finance technology service platform, announced it had increased its holdings by 472 Bitcoins, bringing its total holdings to 1,944 Bitcoins, equivalent to approximately US$162 million.
13. Hengyue Holdings Increases Holdings by Approximately 6.12 Bitcoins
On November 6th, Hengyue Holdings Group further purchased approximately 6.12 units of Bitcoin on the open market, for a total cost of approximately HK$5.242 million, equivalent to approximately US$672,000.
14. James Wynn Increases Bitcoin Short Position to 8.27 BTC, Floating Profit of $15,000
November 6th news: According to Onchain Lens monitoring, James Wynn further increased his Bitcoin short position (40x), reaching 8.27 Bitcoins, worth $900,000, with a floating profit of approximately $15,000.
15. Metaplanet Raises $100 Million by Collateralizing Bitcoin Assets, to be Used to Increase Bitcoin Holdings and Expand Revenue Business
November 6th news: Metaplanet raised $100 million by collateralizing its Bitcoin assets. The funds raised will primarily be used to purchase more Bitcoins, expand its revenue business, and repurchase shares. A portion of the funds will also be used for revenue operations. The company holds 30,823 Bitcoins (approximately $3.517 billion).
Strategy Founder Predicts Bitcoin Will Reach $150,000 by Year-End
November 3rd news: According to BitcoinNews, Strategy founder Michael Saylor predicts Bitcoin will reach $150,000 by the end of the year, a 36% increase from the current price.
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Analyst: Bitcoin Fundamentals Remain Strong, Rebound Possible After October Drop
November 3rd news: LMAX strategist Joel Kruger stated that Bitcoin fell 4.5% in October, ending a six-year October rally, but this drop may only be temporary rather than a trend reversal.
Fundamentals remain strong, and historically, the fourth quarter is typically Bitcoin's best-performing quarter.
Tom Lee Maintains Year-End Predictions of $150,000-$200,000 for Bitcoin and $7,000 for Ethereum
November 3rd news: BitMine Chairman Tom Lee stated in an interview with CNBC that Ethereum's current fundamentals are strong, with stablecoin trading volume and application layer revenue both reaching record highs, and a price breakout is expected.
Tom Lee reiterated his previous year-end price predictions, expecting Bitcoin to reach the $150,000-$200,000 range and Ethereum to target $7,000.
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Analyst: Bitcoin's October pullback may lay the foundation for the next rally, potentially reaching $120,000-$150,000 by year-end
November 4th news, according to Decrypt, SynFutures CEO Rachel Lin stated, "The October drop may lay the foundation for the next upward move in the Bitcoin bull market. Such pullbacks often mark the midpoint of a larger cycle, not its end." Historical data also supports this optimistic interpretation, with Bitcoin's average return in the third quarter still positive, reaching 6.05%.
It's also worth noting that November has historically been one of Bitcoin's strongest performing months, with an average return of 42% over the past 12 years. Rachel Lin stated, "For November, I expect a period of stability and cautious optimism. Bitcoin may trade sideways at the beginning of the month as the market digests the Fed's statements, but a significant shift in policy tone could trigger a rebound." She added that if Bitcoin continues its typical post-halving trajectory, "it's still possible for Bitcoin to reach $120,000 to $150,000 by the end of 2025," citing solid fundamental support from ETF inflows to institutional custody solutions.
Arthur Hayes Warns: Stealth QE May Be Restarted, Potentially Igniting the Next Bitcoin Bull Market
On November 4th, BitMEX founder Arthur Hayes published a lengthy article stating that the US Treasury and the Federal Reserve are brewing a "stealth QE," which could be a key catalyst driving a new round of price increases for Bitcoin and the crypto market. Currently, US government spending continues to expand, and political incentives dictate that they are more inclined to issue bonds than raise taxes.
Hayes advises investors to "preserve capital and wait for the right opportunity," stating that the market will see a strong rebound after the "stealth QE is launched."
US Senator Lummis: Strategic Bitcoin Reserve is the Only Solution to National Debt
November 5th news: US Senator Lummis stated that a strategic Bitcoin reserve is the only solution to our national debt, supporting the Trump administration's push for a Strategic Bitcoin Reserve (SBR).
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Multiple Institutions Judge Bitcoin is Currently Undervalued with Medium- to Long-Term Upside Potential
November 5th news: Multiple investment institutions (including J.P. Morgan and Standard Chartered) believe that Bitcoin is currently "undervalued" compared to gold. JPMorgan's assumed target price is approximately US$165,000; Standard Chartered, while noting a possible short-term dip, believes there is a chance of a medium-term rebound to around US$135,000. Authoritative institutional opinions support a medium- to long-term upside.
Historical Data Supports Potential Bitcoin Rebound in November
November 5th news: Indian professional analysts pointed out that although Bitcoin weakened at the beginning of November, historically November is often a strong month for Bitcoin. The report emphasizes that factors such as the end of the US government shutdown, the resumption of fiscal spending, liquidity replenishment, and the recovery of corporate buybacks may provide a catalyst for a "late-half/year-end rebound" for Bitcoin. Seasonal factors and macroeconomic liquidity provide support for Bitcoin.
Bitcoin is experiencing its IPO moment; sideways movement or even a decline may be a "gift"
November 6th news: Macro investor Visser believes Bitcoin is experiencing a "silent IPO," transforming from a crazy idea into a mainstream success story. He points out that typically, when a stock completes its IPO, it tends to consolidate for 6 to 18 months before initiating an upward trend. Bitcoin's sideways consolidation indicates its IPO moment has arrived—which is why the proportion of BTC allocation is expected to increase.
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Trump: Hopes to make the US a "Bitcoin Superpower"
November 6th news: According to CoinDesk, during his speech on the first day of the "American Business Forum" in Miami, Florida (1 pm local time on November 5th), Trump called for the US to embrace crypto assets (virtual currencies) and demonstrated his ambition to pursue leadership in this field.
Trump stated, "We are gathered in Miami today to embrace a vital industry. I signed a historic executive order ending the federal government's war on crypto assets. The crypto industry was once besieged, but that's no longer the case. Because it's a huge industry, a massive industry. I have many talented people and outstanding entrepreneurs around me who are actively involved in the crypto asset space, not only in other businesses."
Furthermore, he stated, "Crypto assets can significantly alleviate the burden on the US dollar and bring many positive effects, and we are focused on promoting this. We want to make the United States a Bitcoin (BTC) superpower and the global center of crypto assets."
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US Senator Cynthia Lummis Calls on Community Banks to Embrace Bitcoin and Cryptocurrencies
November 6th news: US Senator Cynthia Lummis stated that community banks should actively embrace Bitcoin and cryptocurrencies. She emphasized that 2026 will be a pivotal year for Bitcoin adoption.
Japan Becomes the 11th Country to Officially Support Bitcoin Mining
November 7th news: VanEck research data shows that Japan has joined the ranks of countries globally with government-backed mining, becoming the 11th country (excluding the United States) to officially support Bitcoin mining. This trend has continued to grow since 2020, with participating countries including Iran, Bhutan, El Salvador, the UAE, Oman, Ethiopia, Argentina, Kenya, France, and Russia.
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