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.

Coinbase Chief Legal Officer Paul Grewal criticized traditional banking associations for opposing the exchange's national trust bank charter application on November 4, 2025. The Independent Community Bankers of America submitted a formal objection to the Office of the Comptroller of the Currency on November 3, 2025, urging regulators to deny the application. Banking groups argued the application fails to meet statutory standards and challenged the legal validity of OCC interpretive guidance permitting expanded activities for national trust banks.

OKX activated spot trading for HYPE on November 3, with deposits opening at 7:30 AM UTC and trading commencing at 2:30 PM UTC. The token's market cap surpassed $11 billion following a 200% monthly gain. Technical analysts identify conflicting chart patterns: a bearish head-and-shoulders formation targeting $20, versus a bullish inverse pattern projecting breakout above $50 resistance.

Ethereum co-founder Vitalik Buterin has proposed eliminating the modular exponentiation precompile (modexp), a feature he originally designed. The precompile creates verification bottlenecks up to 50 times worse than standard operations during zero-knowledge proof generation, Buterin stated on X. The proposal aims to address technical obstacles hindering adoption of zero-knowledge Ethereum Virtual Machine infrastructure.

Nasdaq issued a formal reprimand to TON Strategy Company on October 28 for violating shareholder approval requirements during its $272 million Toncoin purchase and $558 million private placement financing. The company retains its Nasdaq listing after regulators determined the breaches were unintentional. No further action is required, and shares continue trading under ticker TONX.