Author: Gia Li, Mia | Editor: Munchee

1. Bitcoin Market

Bitcoin Price Trend (2025/11/01--2025/11/07)

In the past four days (from November 1 to November 7, 2025), Bitcoin's overall performance has shown a pattern of "sideways consolidation → rapid decline → low-level rebound."

The main price range was between $111,000 and $101,000, with a significant drop during this period. On November 5, during a sharp decline, it fell below the previous low formed on "October 11," with Bitcoin losing the $100,000 mark, hitting a new low since June, indicating a significant decline in market risk appetite.

Sideways Consolidation Phase (November 1 to November 2)

From November 1 to 3, Bitcoin remained in a sideways range of $108,656 to $111,133, with low trading volume and a strong wait-and-see sentiment in the market. After the Federal Reserve's interest rate cut the previous week, short-term buying gradually weakened, and major funds began to cautiously reduce their positions.

Reasons for the trend:

Market expectations regarding macro policies (such as U.S. rate cuts and interest rate paths) have become cautious, with no new strong catalysts released.

Prices are at a high range, with weak short-term buying. Although institutional funds have not quickly exited, their entry has also been slow.

The technical indicators show that prices are close to previous highs, with buying and selling pressures in a stalemate, forming a sideways consolidation.

Rapid Decline Phase (November 3 to November 5)

On November 3, the cryptocurrency market experienced a flash crash, with prices breaking downward from the support level of about $108,000. Over $1.2 billion in positions were liquidated within 24 hours.

On November 4, there was a brief consolidation and pullback, with multiple rebounds to $108,000, followed by repeated dips to $105,000, gradually expanding the volatility range.

On November 5, Bitcoin further declined, breaking the psychological barrier of $100,000, accelerating downward to a low of below $99,000, marking a new low since June, raising market concerns with a 24-hour drop of 7.34%. In the past 24 hours, the total liquidation across the network reached $2.028 billion, with $614 million in BTC liquidations. Market panic intensified, with short positions dominating the short-term trend.

Reasons for the trend:

After the support level broke, stop-loss orders and leveraged positions were passively liquidated, driving a rapid decline.

Deteriorating macro environment: a strong dollar index, rising U.S. Treasury yields, and declining risk appetite led to capital flowing out of risk assets, including cryptocurrencies.

Weakening technical indicators: breaking through multiple key supports and moving averages, forming a downward channel.

Increased liquidation of long positions and leverage. Reports indicate that this round of decline triggered large-scale liquidations, tightening liquidity in risk assets.

Low-Level Rebound Phase (November 6 to November 7)

On November 6, Bitcoin rebounded from a low of about $99,000 to a range of approximately $100,832 to $103,000, peaking at $104,526, but still remained in a weak consolidation state, with no signs of reversal. As of the time of writing, the price was $101,141.

Reasons for the trend:

After probing the lows, some buying entered the market, forming a rebound, but the momentum was insufficient.

Market funds remained cautious, with institutions not yet making large-scale reverse positions.

Technical and funding indicators still leaned bearish, making it difficult for the rebound to break through high resistance.

2. Market Dynamics and Macro Background Fund Flows

1. ETF Fund Dynamics

This week’s Bitcoin ETF fund flows:

November 03: -$186.5 million

November 04: -$566.4 million

November 05: -$137 million

November 06: +$127.5 million

ETF Inflow/Outflow Data Image

During this period, ETF funds saw a significant outflow, especially on the 4th and 5th, reflecting that institutions began to withdraw or wait on the sidelines amid increased market uncertainty. Although there was a small inflow on November 6, the amount was far lower than the outflows of the previous two days, maintaining an overall outflow pattern.

2. Exchange Net Outflows Expand Global Accumulation Phase

As of early November, multiple on-chain data indicated that net outflows of Bitcoin from major exchanges continued to expand. Analysts pointed out that while some funds continued to move to cold wallets, the outflows were accompanied by signs of weak demand, suggesting that the accumulation phase might be interrupted. According to a report from Citibank, the slowdown in spot ETF inflows has become a key risk factor for Bitcoin bulls.

Bloomberg ETF analyst Eric Balchunas stated that the growth of Bitcoin ETFs would experience a two-steps-forward, one-step-back process, and we are currently in the retreat phase. This pattern can be seen in the fund flows of IBIT. In my view, this is part of the development process. Only children expect prices to rise every day.

3. Long-Term Holder Dynamics

During this period, market reports indicated that as Bitcoin prices fell below the $100,000 mark, high leverage liquidation pressures increased. Although specific open interest (OI) and funding rate data were not obtained, it can be inferred from the ETF outflows and price pullbacks that short-term leverage risks in the market are becoming prominent, and liquidity is beginning to tighten.

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CryptoQuant reported that the loss-selling by short-term holders is intensifying downward pressure on the market. Just today, approximately 30,300 Bitcoins have been transferred to exchanges from the loss zone, indicating a significant increase in "surrender" selling pressure from recent buyers.

Citibank analysts also noted 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 positions. ETF fund flows remain a key indicator for assessing shifts in market sentiment. Meanwhile, the decline in financing rates reflects a weakening demand for leverage in the market, with investor sentiment becoming more conservative.

On-chain data shows that in the past month, long-term holders have sold approximately 400,000 Bitcoins (about $4.5 billion), becoming a significant driver of this round of decline. Analysts believe that the continuous selling pressure in the spot market has temporarily disrupted the market structure, especially as long-term holders cash out at high levels, further exacerbating short-term supply-demand conflicts 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 7, the RSI is approximately 31.94, falling to a weak level.

The RSI is at the edge of being oversold (typically 30 is considered oversold), indicating significant short-term downward pressure, with the market in a state of excessive pessimism. However, from a cyclical perspective, conditions for a rebound are beginning to accumulate.

Combining historical backtesting and trading volume characteristics, if the RSI can stabilize and rise above 40 in the future, while ETF fund flows turn positive, it will likely confirm a phase bottom.

2. Moving Average (MA) Analysis

Latest moving average data shows:

MA5 (5-Day MA): $103,102

MA20 (20-Day MA): $109,424

MA50 (50-Day MA): $113,882

MA100 (100-Day MA): $115,326

Current Price: approximately $101,555

MA5, MA20, MA50, MA100, M200 Data Image

Bitcoin has fallen below the 200-Day Moving Average (SMA). Bitcoin has lost key support based on $109,000 and is currently hovering around $103,500. The next key level is at $99,000, which has historically provided support during pullbacks. If it can rise above MA20 ($109,424), it will signal a reversal; if it continues to remain low, it may test lower support areas.

3. Key Support and Resistance Levels

Support Level: approximately $99,000 area (new focus area formed after recent break)

Resistance Level: approximately $105,000 area

The current price is above the support level, with multiple attempts to break through the resistance level failing, leading to a pullback. The market may be trapped in a range-bound consolidation in the short term.

Market Sentiment Analysis

Fear and Greed Index Data Image

As of November 7, the Fear & Greed Index reported 21 points, indicating an "extreme fear" zone. The image data shows that the index has been continuously declining.

Looking back at this week (from November 1 to November 7), the Fear & Greed Index recorded 33 (fear), 35 (fear), 36 (fear), 27 (fear), 20 (fear), and 21 (fear). The overall range operated between 36 and 20 points, remaining in the "fear" zone. Low sentiment reflects that investors are generally risk-averse and reducing exposure. If the index rises to 30-40 points, it can be seen as a starting point for confidence recovery.

Overall, this week, Bitcoin market sentiment shows a rapid downward trend. Although fear sentiment dominates, the market sentiment slightly warmed from 33 points to 36 points from November 1 to November 3, before rapidly declining after the market flash crash, falling into the extreme fear zone around 20 points. Sentiment is close to the bottom, but there was a slight rebound to 21 points on November 6, with no bottoming signal yet.

Macro Economic Background

1. Easing of U.S.-China Relations Enters Implementation Stage

On November 1, the White House released a "Fact Sheet on U.S.-China Economic and Trade Relations," confirming that both sides reached a phased economic and trade agreement. China will suspend some tariffs and non-tariff measures against the U.S. that have been in place since March 2025. On November 5, Reuters reported that China would lift or suspend export controls on certain U.S. high-tech and energy companies starting November 10, marking the implementation phase of the economic and trade easing. Additionally, the Associated Press stated that both sides agreed to establish a military communication and crisis hotline mechanism, marking the first resumption of military communication channels since 2022, seen as a sign of reduced geopolitical risks. The easing of geopolitical risks effectively compresses global risk premiums, providing medium- to long-term support for risk assets, including Bitcoin.

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2. U.S. Stock Market Adjustment and Decline in Risk Appetite

The U.S. stock market continues to exhibit high volatility, with retail investor sentiment significantly cooling.

According to Jin10 data citing a Goldman Sachs report, the Retail Favorites Index for U.S. stocks fell 3.6% on November 5, marking the largest single-day decline since April 10, 2025, with a drop approximately three times that of the S&P 500 Index. The index includes growth stocks with high retail ownership, such as Palantir, Tesla, and Nvidia.

Bitcoin also experienced a pullback this week, briefly falling below the $100,000 mark. Due to the high correlation between U.S. stocks and crypto assets, the withdrawal of retail funds and the decline in leverage have intensified market risk-averse sentiment, suppressing Bitcoin prices in the short term.

3. U.S. Employment Data Shows Signs of Economic Slowdown

1. ADP Nonfarm Employment Change

Released on November 5, the actual number of new jobs added was +42,000, higher than the market expectation of +32,000 but significantly lower than the previous value. The data shows that the U.S. labor market continues to maintain positive growth, but the growth rate is noticeably slowing, indicating that corporate hiring activities are becoming more cautious. This result reinforces the market's judgment of slowing economic momentum to some extent.

2. Initial Jobless Claims

Released on November 7 (for the week ending November 1), the report showed that initial jobless claims rose to 229,000, up from 219,000 the previous week. The moderate 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. U.S. Government Shutdown Sets Record for Longest Duration

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As of November 6, U.S. Eastern Time, the federal government shutdown has lasted for 37 days, setting a new record for the longest duration in history. The previous record was 35 days from late 2018 to early 2019. This shutdown reflects a long-standing deadlock between the two parties in Congress over budget appropriations. It may force the "Crypto Market Structure Bill" to be postponed until 2026. The ongoing shutdown not only affects the payment of government employees' salaries but also exerts negative pressure on economic confidence and financial markets. White House digital asset advisor Patrick Witt stated that the shutdown of relevant departments severely impacts the drafting of legislative texts; Blockchain Association CEO Summer Mersinger also pointed out that legislative delays have almost become a foregone conclusion.

According to decentralized prediction platform Polymarket data, the probability of the "U.S. government shutdown ending after November 16" has risen to 44%, indicating that market expectations for a short-term resumption of work are low; while the probability of it ending between November 8 and 11 is 22%, and between November 12 and 15 is 30%. The ongoing shutdown not only undermines economic confidence but also increases volatility in financial markets, suppressing sentiment for risk assets.

3. Mining Dynamics and Hash Rate Changes

In the past seven days, the Bitcoin network hash rate has remained relatively stable, maintaining a range of 1055.21 EH/s to 1200.10 EH/s, at a relatively high level.

From a trend perspective, the overall network computing power remains high, with smaller fluctuations. The stable power supply from external North American mining areas allows some mining companies to restore or increase their computing power, providing a solid foundation for maintaining high levels of hash rate. The main fluctuations this week showed a certain correlation with price changes: as Bitcoin prices fell on November 3, the overall network computing power also experienced a brief synchronous decline (touching a low of 1055 EH/s); under the high difficulty of mining and energy consumption pressures, miners' profit margins are being compressed, leading to short-term fluctuations in overall computing power.

Weekly Bitcoin Network Hash Rate Data

As of November 7, the total network computing power reached 1.09 ZH/s, with mining difficulty at 155.97 T. The next difficulty adjustment is expected to take place on November 12, with an estimated decrease of 0.70%, bringing the 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, the Hashprice is $41.32/PH/s/day. This week, Hashprice has generally followed the trend of Bitcoin prices, showing a gradual recovery after a high-level pullback:

November 01: This week's high of $44.79/PH/s/day

November 05: This week's low of $40.58/PH/s/day

The core fluctuations of Hashprice are driven by Bitcoin prices and trading demand, while the dynamic adjustment of the total network computing power is also weakening miners' marginal profits. Overall, although Bitcoin mining revenue has seen a significant decline due to price and fee fluctuations in the past week, it has gradually recovered before the weekend, showing a certain resilience. Considering the trend of Hashprice, miners' earnings have experienced some fluctuations in the short term, showing an overall downward trend, with profit margins being compressed to a certain extent.

Hashprice Data

4. Policy and Regulatory News

Hong Kong Plans to Ease Trading Rules and Launch Tokenization Pilot, Allowing Licensed Exchanges to Share Liquidity

On November 4, it was reported that Hong Kong regulators and the Securities and Futures Commission (SFC) would ease some trading restrictions and initiate a pilot for asset tokenization, while allowing licensed local exchanges to share order books with overseas platforms to access global liquidity with SFC approval. Major media outlets have continuously reported on these measures. Hong Kong is attempting to position itself as a more open digital asset hub—attracting exchanges, market makers, and institutions through easing liquidity access and supporting tokenization; in the short term, this will benefit local licensed exchanges and promote trading depth, but it will also trigger discussions on compliance and cross-border regulatory coordination.

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South African Court Rules: Under Current Law, Cryptocurrency Transfers Are Not Covered by Foreign Exchange Controls

On November 5, a series of judicial opinions from the Pretoria High Court indicated that under existing foreign exchange control regulations, cryptocurrencies are not defined as "currency" or "capital," making it difficult to incorporate crypto assets into the current foreign exchange reporting and control framework until legal revisions are made. Legal and regulatory commentators pointed out that if regulators want to include crypto assets in foreign exchange controls, they need to amend legal texts or introduce specific regulations; otherwise, regulatory gaps will continue to exist. The report emphasizes that this is an important judicial reminder of South Africa's regulatory path. In the short term, the degree of restriction on cross-border movement of crypto assets in South Africa remains unchanged; however, for regulators, this ruling increases the urgency to plug gaps through legislation rather than administrative interpretation.

Canada Announces 2025 Stablecoin Regulatory Plan

On November 6, it was reported by Cointelegraph that the Canadian government officially announced its regulatory plan for stablecoins in its 2025 federal budget, closely following the regulatory direction of the U.S. GENIUS Act.

According to the plan, stablecoin issuers must maintain sufficient reserves and establish a sound risk management system.

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5. Bitcoin News

Global Corporate and National Bitcoin Holdings (Weekly Statistics)

1. Strategy (formerly MicroStrategy) Adds 397 Bitcoins

On November 3, it was reported that the company purchased a total of 397 Bitcoins at an average price of approximately $114,771 per coin between October 27 and November 3, totaling about $45.6 million, bringing its total holdings to 641,205 Bitcoins. Purchase date: November 3, 2025.

2. Hong Kong Telecom Company Moon Inc. Increases Holdings by 6.12 Bitcoins at an Average Purchase Price of $109,800

On November 3, it was reported that 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 coins, with an average cost basis of $91,394.

3. South Korean Listed Company Bitplanet Increases Holdings by 23 Bitcoins, Total Holdings Reach 151.67 Bitcoins

On November 3, it was reported that according to BitcoinTreasuries.NET monitoring, South Korean listed company Bitplanet added 23 Bitcoins, bringing its total Bitcoin holdings to 151.67 coins.

4. Strive Plans to Issue SATA Preferred Shares to Raise Funds for Bitcoin Acquisition

On November 4, it was reported by CoinDesk that Nasdaq-listed asset management company Strive (ASST) announced plans to issue 1.25 million shares of SATA preferred stock, with an initial annual dividend of 12% and monthly cash dividends, with the funds raised to be used for acquiring Bitcoin, operational expansion, and potential stock buybacks.

5. Steak 'n Shake Establishes "Strategic Bitcoin Reserve" to Include Bitcoin Payment Revenues in Company Treasury

On November 4, it was reported that the U.S. chain restaurant brand Steak 'n Shake announced the establishment of a Strategic Bitcoin Reserve (SBR): to directly include Bitcoin payment revenues 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 scale of one-time purchases, which is part of its strategy to "accumulate Bitcoin through payment/revenue income."

6. Remixpoint Increases Holdings by 29 Bitcoins, Total Holdings Reach 1,411 Bitcoins

On November 4, it was reported that according to TreasuryStocks disclosure, Remixpoint invested $3.4 million to purchase 29 Bitcoins, increasing its Bitcoin holdings to 1,411 coins.

7. UK Listed Company The Smarter Web Company Increases Holdings by 4 Bitcoins, Total Holdings Reach 2,664 Bitcoins

On November 4, it was reported that according to BitcoinTreasuries.NET monitoring, UK listed company The Smarter Web Company (stock code: $SWC) added 4 Bitcoins, bringing its total Bitcoin holdings to 2,664 coins.

8. Canadian Listed Company Matador Technologies is Raising $100 Million to Purchase Bitcoin

On November 4, it was reported that market news indicated that Canadian listed company Matador Technologies (stock code: MATA) is raising $100 million through the issuance of convertible bonds to purchase more Bitcoin.

9. MicroStrategy Plans to Raise Funds through Issuing Euro-Denominated Perpetual Preferred Shares STRE for Future Bitcoin Purchases

On November 4, it was reported that digital asset treasury company Strategy is conducting an initial public offering of 3.5 million shares of euro-denominated perpetual preferred stock to support general corporate operations, including Bitcoin procurement. Additionally, Strategy announced on Monday that it had purchased 397 Bitcoins, bringing its total holdings to 641,205 Bitcoins.

10. Hyperscale Data's Bitcoin Treasury Has Increased to $73.5 Million, Currently Holding 234.72 Bitcoins

On November 4, it was reported by PRNewswire that U.S. listed BTC treasury company Hyperscale Data (NYSE American: GPUS) announced that its total Bitcoin asset pool reached approximately $73.5 million, accounting for about 61% of the company's market value.

11. Switzerland - FUTURE (Future Holdings AG) Completes CHF 28 Million Strategic Fundraising to Expand Bitcoin Treasury

On November 5, it was reported that Swiss Bitcoin treasury company FUTURE (Future Holdings AG) announced the completion of CHF 28,000,000 (approximately $32 million) in strategic financing. The company stated that the funds will be used to expand BTC inventory, custody, and treasury services.

12. Cango Inc. Increases Holdings by 472 Bitcoins

On November 6, it was reported that NYSE-listed Chinese automotive financial technology service platform Cango Inc. announced an increase of 472 Bitcoins, bringing its total holdings to 1,944 coins, approximately $162 million.

13. Hengyue Holdings Increases Holdings by Approximately 6.12 Bitcoins

On November 6, it was reported that Hengyue Holdings Group further purchased approximately 6.12 Bitcoins in the open market, at a total cost of approximately HKD 5.242 million, equivalent to about $672,000.

14. James Wynn Increases Bitcoin Short Position to 8.27 BTC, Floating Profit of $15,000

On November 6, it was reported that according to Onchain Lens monitoring, James Wynn further increased his Bitcoin short position (40x) to 8.27 Bitcoins, valued at $900,000, with a floating profit of approximately $15,000.

15. Metaplanet Raises $100 Million by Mortgaging Its Bitcoin Assets for Bitcoin Acquisition and Revenue Business Expansion

On November 6, it was reported that Metaplanet raised $100 million by mortgaging its Bitcoin assets, with the funds primarily used for purchasing more Bitcoin, expanding revenue business, and repurchasing shares, with some funds also allocated for revenue business. The company holds 30,823 Bitcoins (approximately $3.517 billion).

Strategy Founder Predicts Bitcoin Price Will Reach $150,000 by Year-End

On November 3, it was reported by BitcoinNews that Strategy founder Michael Saylor predicts that Bitcoin's price will reach $150,000 by year-end, a 36% increase from the current price.

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Analyst: Bitcoin Fundamentals Remain Strong, May Rebound After October Decline

On November 3, it was reported that LMAX strategy analyst Joel Kruger stated that Bitcoin fell 4.5% in October, ending a six-year upward trend in October, but this decline may be temporary rather than a reversal of the trend.

The fundamentals remain strong, and historically, the fourth quarter is usually the best-performing quarter for Bitcoin.

Tom Lee Maintains Year-End Bitcoin Price Prediction of $150,000 to $200,000 and Ethereum at $7,000

On November 3, it was reported that BitMine chairman Tom Lee stated in an interview with CNBC that Ethereum's current fundamentals are performing well, with stablecoin trading volume and application layer revenue reaching all-time highs, and price breakthroughs will follow.

Tom Lee reiterated his previous year-end price prediction, expecting Bitcoin to reach the range of $150,000 to $200,000, with a target price of $7,000 for Ethereum.

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Analyst: October Bitcoin Pullback May Set the Stage for Next Rally, Could Rise to $120,000 to $150,000 by Year-End

On November 4, it was reported by Decrypt that SynFutures CEO Rachel Lin stated, "The October decline may set the stage for the next rally in Bitcoin's bull market; such pullbacks are often midpoints of larger cycles rather than endpoints." Historical data also supports this optimistic interpretation, as Bitcoin's average return in the third quarter remains positive at 6.05%.

Notably, 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 stable period with cautiously optimistic sentiment; Bitcoin may consolidate at the beginning of the month as the market digests the Federal Reserve's remarks, but once there is a clear shift in policy tone, it may trigger a rebound." She also mentioned that if Bitcoin continues to follow the typical post-halving trend, "it is still possible for Bitcoin to rise to $120,000 to $150,000 by the end of 2025," citing solid fundamental support from ETF fund flows to institutional custody solutions.

Arthur Hayes Warns: Stealth QE May Restart, Potentially Triggering Next Bitcoin Bull Market

On November 4, BitMEX founder Arthur Hayes published a lengthy article stating that the operations of the U.S. Treasury and the Federal Reserve are brewing a "stealth quantitative easing," which could become a core catalyst for driving the next round of Bitcoin and crypto market rallies. Currently, U.S. government spending continues to expand, and political incentives determine that they are more inclined to issue debt rather than raise taxes.

Hayes advises investors to "preserve capital and wait for the right moment," stating that the market will see a strong rebound after the "stealth QE kicks in."

U.S. Senator Lummis: Strategic Bitcoin Reserve is the Only Solution to National Debt

On November 5, U.S. Senator Lummis stated that the strategic Bitcoin reserve is the only solution to our national debt, supporting the Trump administration's push for SBR (Strategic Bitcoin Reserve).

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Multiple Institutions Assess Bitcoin as Currently Undervalued, with Medium- to Long-Term Upside Potential

On November 5, it was reported that multiple investment institutions (including J.P. Morgan and Standard Chartered) believe that Bitcoin is currently "undervalued" compared to gold. Among them, JPMorgan's hypothetical target price is approximately $165,000; Standard Chartered notes that while a short-term decline may occur, there is a mid-term opportunity for a rebound to around $135,000. Authoritative institutional views support medium- to long-term increases.

Historical Data Supports Potential November Bitcoin Rebound

On November 5, it was reported that Indian analysts pointed out that although Bitcoin weakened at the beginning of November, historically, November has often been a strong month for Bitcoin. The report emphasized that the end of the U.S. government shutdown, the resumption of fiscal spending, liquidity replenishment, and the restoration of corporate buybacks could provide catalysts for a "mid-to-late year-end rebound" for Bitcoin. Seasonal and macro liquidity perspectives provide support for Bitcoin.

Bitcoin is Experiencing Its IPO Moment; Sideways Movement or Decline May Be a "Gift"

On November 6, macro investor Visser stated that Bitcoin is undergoing a "silent IPO," transforming from a crazy idea into a mainstream success story. He pointed out that typically, when stocks complete an IPO, they often consolidate for 6 to 18 months before starting an upward trend. Bitcoin's consolidation indicates that its IPO moment has indeed arrived—this is also why the allocation ratio of BTC is expected to increase.

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Trump: Hopes to Make America a "Bitcoin Superpower"

On November 6, it was reported by CoinDesk that during the first day of the "U.S. Business Forum" held in Miami, Florida (local time November 5 at 1 PM), Trump called for America to embrace crypto assets (virtual currencies) and expressed his ambition to pursue leadership in this field.

Trump stated, "We gather here in Miami today to embrace a crucial industry. I signed a historic executive order to end the federal government's war on crypto assets. The crypto industry was once surrounded, but that is no longer the case. Because this is a huge industry, a massive industry. I have many talented people and outstanding entrepreneurs around me who are not only engaged in other businesses but are also actively involved in the crypto asset field."

Additionally, he stated, "Crypto assets can greatly alleviate the burden on the dollar and bring many positive effects; we are focusing on promoting this. We want to make America a superpower in Bitcoin (BTC), becoming the global center for crypto assets."

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U.S. Senator Cynthia Lummis Calls for Community Banks to Embrace Bitcoin and Cryptocurrencies

On November 6, U.S. Senator Cynthia Lummis stated that community banks should actively embrace Bitcoin and cryptocurrencies. She emphasized that 2026 will be an important year for Bitcoin's popularity.

Japan Becomes the 11th Country to Use Official Resources to Support Bitcoin Mining

On November 7, it was reported that VanEck research data shows that Japan has joined the ranks of countries supporting mining with official resources, becoming the 11th country (excluding the U.S.) to support Bitcoin mining. This trend has been growing since 2020, with participating countries including Iran, Bhutan, El Salvador, UAE, Oman, Ethiopia, Argentina, Kenya, France, and Russia.

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