{"id":33216,"date":"2025-11-10T11:04:39","date_gmt":"2025-11-10T11:04:39","guid":{"rendered":"https:\/\/metaverseplanet.net\/blog\/?p=33216"},"modified":"2025-12-29T11:43:03","modified_gmt":"2025-12-29T11:43:03","slug":"news-that-carried-bitcoin-to-106000","status":"publish","type":"post","link":"https:\/\/metaverseplanet.net\/blog\/news-that-carried-bitcoin-to-106000\/","title":{"rendered":"News That Carried Bitcoin to $106,000: Shutdown Hopes and Trump Dividend Rhetoric"},"content":{"rendered":"\n

The Bitcoin price<\/strong> fell sharply at the beginning of the week. However, with the recovery over the weekend, losses were significantly regained, and the price stabilized at the $106,000 level<\/strong>. The weekly drop, which had approached -10%, finally closed at -4.99%.<\/p>\n\n\n\n

The recovery was triggered by news that the US government shutdown<\/strong> would soon end and a post made by President Trump<\/strong> on social media.<\/p>\n\n\n\n

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\u2018Big Short\u2019 Claims Triggered the Initial Drop<\/strong><\/h2>\n\n\n\n

The initial drop was triggered by worsening investor sentiment<\/strong> in the US stock market. On Tuesday, news spread that the famous bearish investor Michael Burry<\/strong> had opened $1.2 billion in short positions<\/strong> on AI stocks<\/strong> like Nvidia (NVDA) and Palantir (PLTR). This situation pushed skeptical investors to sell and caused a decline in all three major US stock market indices.<\/p>\n\n\n\n

Although the main problem was with AI stocks, the cryptocurrency<\/a><\/em> sector<\/strong> experienced a sharper decline: BTC fell about 5% that day, while altcoins<\/strong> recorded higher losses.<\/p>\n\n\n\n

On-chain analysts<\/strong> attributed the sharp decline to an exit of institutional investors<\/strong>. Big players had been reducing their crypto positions since the \u201cBlack Friday\u201d crash<\/strong> on October 10. Then, the stock market volatility on Tuesday caused the already fragile supply-demand balance<\/strong> to collapse.<\/p>\n\n\n\n

The market imbalance deteriorated rapidly, and on Wednesday, Bitcoin fell below the psychological $100,000 support<\/strong> level, dropping to $99,000.<\/p>\n\n\n\n

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365-Day MA Holds as Critical Support<\/strong><\/h2>\n\n\n\n
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Analysts watched anxiously, knowing that a further decline would break the 365-day Moving Average (MA)<\/strong> line\u2014this usually signals the start of a bear market<\/strong>. Fortunately, the current drop did not cross this line. Bitcoin found support here and successfully held the 365-day MA, just as it did during the Yen carry trade unwind in August 2024 and the tariff crisis in April 2025.<\/p>\n\n\n\n

The second-largest cryptocurrency, Ethereum (ETH)<\/a><\/em><\/strong>, fell to $3,100 on Wednesday. However, it recovered alongside Bitcoin, rising above $3,600 on Sunday, with a weekly loss of -6.55%.<\/p>\n\n\n\n

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Government Shutdown Resolution: Becoming the Main Catalyst<\/strong><\/h2>\n\n\n\n

Throughout the long stagnation, analysts hopefully awaited the end of the US government shutdown<\/strong>. This was because the shutdown was thought to reduce market liquidity<\/strong> and led to a halt in government spending.<\/p>\n\n\n\n

Due to the shutdown, approximately 750,000 federal employees were furloughed, and there was a 10% increase in flight delays due to pay cuts for air traffic controllers. Consequently, this situation disrupted important support programs. Raoul Pal<\/strong>, founder of RealVision, argued that the pause in US fiscal policy<\/strong> worsened market liquidity and that the crypto sector was affected by this. He predicted that the resolution of the shutdown would be a potential catalyst<\/strong> for a strong bullish reversal.<\/p>\n\n\n\n

This belief was confirmed on Sunday, as Senate Majority Leader John Thune<\/strong> hinted at the possibility of the shutdown ending<\/strong>. The news immediately ignited the Bitcoin<\/a><\/em> rally<\/strong>. Thune’s remarks significantly shifted the betting date on Polymarket; the shutdown end date moved from November 20 to November 11.<\/p>\n\n\n\n

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Trump\u2019s Dividend Claims Boost Buying Appetite<\/strong><\/h2>\n\n\n\n
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Simultaneously, a post by President Trump<\/strong> on social media provided another catalyst. Trump wrote, \u2018People who are against Tariffs are STUPID!\u2026 A dividend of at least $2,000 per person (except for high-income people!)\u2019. The expectation of a direct cash payment<\/strong> to citizens sparked the idea that this money would be channeled into stock market or cryptocurrency investments. This possibility immediately pushed Bitcoin from the $103,000 level to over $105,000.<\/p>\n\n\n\n

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The Week Ahead: Politics and the Fed<\/strong><\/h2>\n\n\n\n

The most critical factor this week is whether the US government shutdown<\/strong> will end quickly. The first procedural vote in Congress is expected on Tuesday. Since the shutdown has paused most US macro data<\/strong> collection for over a month, the impact of this data will be limited for now.<\/p>\n\n\n\n

Attention is focused on the possibility of a Fed rate cut<\/strong> at the December FOMC meeting<\/strong>. Several influential Fed officials are scheduled to speak this week, including:<\/p>\n\n\n\n

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