{"id":120810,"date":"2025-11-12T14:44:00","date_gmt":"2025-11-12T10:44:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=120810"},"modified":"2025-11-12T12:44:41","modified_gmt":"2025-11-12T08:44:41","slug":"bitcoin-extends-losses-despite-broader-risk-on-tone-as-u-s-shutdown-resolution-nears","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/bitcoin-extends-losses-despite-broader-risk-on-tone-as-u-s-shutdown-resolution-nears\/11\/12\/market-updates\/","title":{"rendered":"Bitcoin extends losses despite broader risk-on tone as U.S. shutdown resolution nears"},"content":{"rendered":"\n<h1 class=\"wp-block-heading\"><\/h1>\n\n\n\n<p><strong>Market overview.<\/strong> Bitcoin fell for a third session on Wednesday, slipping <strong>1.8% to $103,344<\/strong> by 00:28 ET (05:28 GMT) after an intraday low of <strong>$102,737<\/strong>. The move extends early-November weakness that briefly pushed prices below <strong>$100,000<\/strong>, with the crypto complex failing to participate meaningfully in the broader risk rebound tied to progress on reopening the U.S. government.<\/p>\n\n\n\n<p><strong>Macro backdrop: shutdown relief, equity rotation.<\/strong> The U.S. Senate advanced a funding measure that, if approved by the House and signed by the President, would end the record 42-day government shutdown and restore federal operations through <strong>Jan 30<\/strong>. Equities rallied on the development, but flows into digital assets remained muted\u2014evidence of a <strong>risk-on rotation out of crypto and into stocks<\/strong>, rather than an across-the-board appetite for risk.<\/p>\n\n\n\n<p><strong>Sentiment headwinds.<\/strong> Beyond macro, crypto-specific narratives weighed on positioning:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Treasury concerns:<\/strong> Growing skepticism around Bitcoin \u201ctreasury\u201d strategies at listed firms has cooled dip-buying enthusiasm.<\/li>\n\n\n\n<li><strong>Geopolitical noise:<\/strong> Fresh allegations out of China regarding a historic Bitcoin theft added uncertainty, reinforcing a risk-off bias within the asset class.<\/li>\n\n\n\n<li><strong>Tokenization headlines:<\/strong> JPMorgan\u2019s rollout of <strong>JPM Coin<\/strong> for institutional deposits underscores the rise of <strong>bank-grade digital rails<\/strong>, but does little, near term, to alter demand for non-yielding, high-beta crypto exposure.<\/li>\n<\/ul>\n\n\n\n<p><strong>Market internals.<\/strong> Derivatives metrics (elevated basis compressions, thinner order books into down-moves) point to <strong>fragile liquidity<\/strong>, amplifying price swings. Spot weakness bled into majors: <strong>Ether \u22122.8% to $3,448.93<\/strong>, <strong>XRP \u22123.1% to $2.3986<\/strong>; <strong>BNB \u22122.5%<\/strong>, <strong>Cardano \u22123.7%<\/strong>, <strong>Solana \u22125.9%<\/strong>. Meme tokens underperformed (<strong>Dogecoin \u22123.4%<\/strong>, <strong>$TRUMP \u22128.8%<\/strong>).<\/p>\n\n\n\n<p><strong>Technical picture (BTC).<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Trend:<\/strong> Short-term structure remains heavy below <strong>$106,000\u2013$108,000<\/strong> resistance.<\/li>\n\n\n\n<li><strong>Supports:<\/strong> Initial at <strong>$102,500\u2013$103,000<\/strong>; a decisive break reopens <strong>$100,000<\/strong> (psychological) and <strong>$98,500\u2013$99,000<\/strong> (summer congestion).<\/li>\n\n\n\n<li><strong>Momentum:<\/strong> Daily RSI mid-40s suggests room for further downside before oversold; rallies likely to meet supply into the <strong>$105,500\u2013$107,000<\/strong> zone.<\/li>\n<\/ul>\n\n\n\n<p><strong>What could shift the tape.<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Macro data catch-up:<\/strong> A government reopening restores the U.S. data pipeline; softer growth or cooler inflation could ease yields and aid crypto beta.<\/li>\n\n\n\n<li><strong>Micro catalysts:<\/strong> Stabilization in tech equities, improved ETF\/net-flows, or a positive surprise in on-chain activity could underpin a bounce.<\/li>\n\n\n\n<li><strong>Policy\/liquidity:<\/strong> Any signs of broader liquidity support (lower real yields, narrower funding spreads) would be constructive for high-beta risk, including BTC.<\/li>\n<\/ul>\n\n\n\n<p><strong>Bottom line.<\/strong> With equities attracting the lion\u2019s share of relief flows, Bitcoin remains <strong>range-to-lower<\/strong> near term. Until macro visibility improves and crypto-specific sentiment stabilizes, rallies are likely to be <strong>tactical<\/strong> and capped below resistance, with <strong>$100,000<\/strong> the key line in the sand for directional conviction.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market overview. Bitcoin fell for a third session on Wednesday, slipping 1.8% to $103,344 by 00:28 ET (05:28 GMT) after an intraday low of $102,737. The move extends early-November weakness that briefly pushed prices below $100,000, with the crypto complex failing to participate meaningfully in the broader risk rebound tied to progress on reopening the &hellip;<\/p>\n","protected":false},"author":9,"featured_media":98301,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,6827,49,36],"tags":[],"class_list":["post-120810","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-daily-economic-reports","category-economic-reports","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120810","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=120810"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120810\/revisions"}],"predecessor-version":[{"id":120811,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120810\/revisions\/120811"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/98301"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=120810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=120810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=120810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}