The Scaramucci family has invested more than $100 million in American Bitcoin, a Bitcoin mining and treasury company cofounded by Eric Trump and supported by Donald Trump Jr. The investment was made through Solari Capital, an investment firm founded by AJ Scaramucci, which led a $220 million funding round completed in July. The move demonstrates how Bitcoin is creating common ground between former political adversaries, as Anthony Scaramucci previously served as White House communications director and later became a vocal Trump critic.

Bitcoin dropped to approximately $95,800 following a sharp sell-off linked to macro uncertainty and the aftermath of the U.S. government shutdown. The volatility mirrors the 2019 post-shutdown pattern, when Bitcoin also experienced a steep decline after government operations resumed. Despite the downturn, cycle structure comparisons to 2017 suggest the current dip may precede a major breakout rather than a prolonged crash.

Bitcoin's current decline exhibits patterns consistent with previous market bottoms over the past year. The short-term holder MVRV ratio reached 0.86, nearing levels that historically preceded rallies to new highs. Key moving averages have flipped to resistance, leaving the recovery timeline uncertain.

A derivatives trader has established a $196 million leveraged short position spanning BTC, XRP, and ZEC, with the XRP component reaching $27.4 million at 20x leverage. Long-term Bitcoin holders have distributed 815,000 BTC over the past 30 days, representing the largest selling wave since January 2024, according to CryptoQuant data. The supply injection coincides with seasonally weak Q4 performance patterns observed in 2022 and 2019.

Bitcoin is testing its 50-week simple moving average, a key long-term trend indicator that could determine the current cycle's trajectory. A close below this level suggests a 60-70% probability that the cycle peak has already occurred, according to market analysis. Failure to reclaim the 50-week SMA could lead to a decline toward the 200-week moving average in the $60,000-$70,000 range by mid-to-late 2026.

Bitcoin traded around $96,243 with slight daily gains but posted a weekly decline exceeding 5%. The Fear & Greed Index dropped to 18, indicating extreme fear among investors. Total cryptocurrency market capitalization reached approximately $3.28 trillion, with 24-hour trading volume surpassing $48 billion.

Bitcoin has registered a death cross pattern on its daily chart following weeks of price weakness below $100,000. Analyst Benjamin Cowen from IntoCryptoVerse presents two distinct scenarios for the market's next move. Historical data suggests the response typically materializes within a one-week window after such technical formations appear.

US-based Bitcoin exchange-traded funds posted weekly net outflows exceeding $1.1 billion as the cryptocurrency fell below $100,000. On November 14, the ETF market recorded a single-day outflow of $492.1 million, marking the third consecutive session of withdrawals. BlackRock's iShares Bitcoin Trust led outflows with $463.1 million.