Bitcoin mining facilities that adjust operations based on grid demand are increasingly valued as a grid service in power markets. High renewable energy regions face elevated curtailment levels, while brief scarcity periods create value for rapid demand reduction. This dynamic enables mining operations to absorb excess midday power and scale back during peak demand hours.

Bitcoin dropped approximately 13% over the past week as rate-cut expectations shifted and exchange-traded fund outflows accelerated. Only four tokens among the top 50 by market capitalization posted gains during this period. Zcash, Monero, Uniswap, and ASTER outperformed through asset-specific catalysts that offset broader macroeconomic pressure.

Bitcoin has dropped through support levels at $106,400 and $99,000, raising concerns about additional downside. Analysts are monitoring horizontal price channels established since January 2024 ETF approvals, with potential support identified at $93,000, $85,000, and $79,000.

The United States national debt surpassed $38.118 trillion as of November 6, Treasury data show. When measured in Bitcoin at $103,500 per coin, the debt equals approximately 368.3 million BTC. Since January 20, the debt has increased by roughly $1.9 trillion, equivalent to about 18.36 million BTC at that price—more than a century of Bitcoin's current annual issuance rate.

Cryptocurrency markets posted sharp declines over 24 hours, with Bitcoin falling 5.8% and Ethereum dropping 9.4%. The S&P 500 declined approximately 1.8% during the same period as investors repositioned amid rising interest rate expectations and pressure on technology stocks. Total crypto market capitalization contracted 6%, moving from approximately $3.4 trillion to $3.2 trillion, according to market data.

The U.S. Senate advanced a continuing resolution to fund federal agencies through January 30, 2026, ending a 41-day government closure. The reopening restores critical inflation data releases and Treasury auction schedules. The October Consumer Price Index will be released on November 13, with the Producer Price Index following on November 14.

DTCC records indicating XRP ETF preparations reflect operational readiness for settlement infrastructure, not regulatory authorization. Actual approvals require an effective S-1 registration statement and an exchange listing circular specifying ticker and launch date. Under the SEC's generic commodity-based listing framework adopted in September, issuers must complete registration before trading can commence.

Bitcoin returned to $106,400 on November 10, a critical level that has acted as both support and resistance throughout the current cycle. A sustained break above this pivot, confirmed by multi-day ETF inflows and options skew shifting toward calls, could open moves toward $114,000 to $120,000. Failure to hold risks a retreat to $100,000, with Bitcoin trading at $106,354.45 as of 10:15 am UTC.

Bitcoin is trading near $109,700, approximately 20% below the power law model's fair value of $136,100, data show. The model places BTC within a rising channel with support at $48,300 and resistance near $491,800. Recent exchange-traded fund flows have introduced volatility that could drive price toward either boundary.