Bitwise Asset Management submitted an updated S-1 registration for a spot Dogecoin ETF, triggering a 20-day automatic approval countdown. The filing could become effective by November 26, 2025 unless the SEC intervenes, according to Bloomberg ETF analyst Eric Balchunas. Technical analysts project DOGE could target $1.20 if key resistance at $0.186 breaks.

JPMorgan analysts project Bitcoin could reach $170,000 in the next six to twelve months, representing a 67% increase from the current $101,000 level. The forecast follows significant deleveraging in perpetual futures markets triggered by major liquidations on October 10 and November 3. On-chain data reveals substantial whale accumulation during the recent price correction, though the Coinbase premium remains negative, indicating limited institutional appetite from U.S.-based investors.

Leading decentralized applications are generating more fee revenue than their underlying blockchains. PumpFun accumulated $724 million in fees over the past year, while Hyperliquid earned $667 million, both exceeding Solana's $632 million in fees, data show. The trend highlights a fundamental shift in value capture within blockchain ecosystems.

Zcash has rallied from $32 in September to $542, posting gains exceeding 1,500% and outperforming 83% of the top 100 cryptocurrencies over 90 days. Shielded supply reached an all-time high of approximately 16 million ZEC, representing more than 76% of maximum supply. Technical analysis shows an ascending trendline with Fibonacci projections targeting $1,669 and $3,428.

Matt Hougan, Chief Investment Officer at Bitwise managing $12 billion in assets, projects Bitcoin will rally into year-end and Q1 2026. He cites maximum retail desperation and market capitulation as indicators of a bottoming phase. The market is transitioning to institutional-driven trading, Hougan stated during a November 5 CNBC interview.

President Donald Trump described cryptocurrency as reducing strain on the U.S. dollar during a speech at Miami's America Business Forum on November 5, 2025, positioning the United States as the bitcoin superpower. Historical market data reveals Bitcoin maintains an approximate -0.7 inverse correlation with the U.S. Dollar Index. Dollar strength typically suppresses BTC prices, complicating strategic reserve goals.

Ray Dalio warns the Federal Reserve's decision to halt quantitative tightening and maintain its $6.5 trillion balance sheet on December 1, 2025, marks a shift toward "stimulating into a bubble." The Bridgewater Associates founder argues this policy change, occurring amid elevated asset prices and inflation above 3%, could drive gold and Bitcoin to dramatic highs before an eventual collapse. Dalio identifies the combination of large fiscal deficits and central bank expansion as classic late-cycle debt dynamics.

Bitcoin fell below $100,000 for the first time in months despite global M2 money supply hitting a record $95.8 trillion. As of November 5, BTC trades near $104,000, breaking its historical correlation with liquidity expansion. Data show Bitcoin has dropped below its 365-day moving average of approximately $102,000, with CryptoQuant's Bull Score Index reaching zero for the first time since June 2022.

Tokyo-listed Metaplanet withdrew $100 million on October 31 from its $500 million Bitcoin-backed credit facility. The loan represents approximately 3% of the company's $3.5 billion BTC reserves. Proceeds will fund additional cryptocurrency acquisitions, expand options trading operations, and potentially support share repurchases.