US

Bitcoin surprised traders this Halloween with a sharp drop below the $110,000 level, creating both concern and opportunity across the market. The move comes after several days of quiet price action where BTC formed a symmetrical triangle pattern — a classic sign that the market is gathering energy before a larger breakout.


At the time of writing, Bitcoin is trading near $110,160. Buyers are defending the $106,300 support area, while strong selling pressure continues to appear around $112,000. This tug-of-war suggests that traders are unsure whether the next big move will be upward or downward — but that indecision is unlikely to last long.


Market Sentiment: Calm Before the Storm


The broader market remains observant of recent remarks from the U.S. Federal Reserve regarding liquidity. With investors expecting a gradual return of market liquidity, some traders believe Bitcoin is preparing for its next leg higher — but wants confirmation first.


Technical signals are mixed:

The RSI has bounced from near-oversold levels, hinting at recovery.However, the 50-day EMA remains below the 200-day EMA, suggesting the bullish momentum is not fully strong yet.Multiple “indecision candles” on the 4-hour chart show neither bulls nor bears fully in control.
Key Price Levels to Watch

ZoneLevelsResistance$112,000 → $116,300 → $119,700Support$106,300 → $103,400 → $100,200

Weekend Outlook: Pump or More Pressure?


Bitcoin is known for weekend volatility due to thinner trading volume. If BTC breaks above $112,000 with strong buying volume, a move toward $116K–$119K becomes possible.

However, if price slips below $106,300, the next downside target sits around $103K.


For now, traders are approaching the market with caution, waiting for a clear breakout rather than guessing the direction.



Bonus Segment: Bitcoin Hyper — The Conversation is Growing


While Bitcoin continues to act as the market’s backbone, Bitcoin Hyper ($HYPER) is attracting attention for connecting Bitcoin security with Solana-level speed.


The project uses the Solana Virtual Machine (SVM) to allow:


Fast, low-cost transactionsSmart contract deploymentMeme coin creationDApps secured by Bitcoin’s network strength

With the presale already above $25.2 million, the buzz suggests strong early interest from communities seeking faster Bitcoin-connected applications.
#US #bitcoin

In a pointed move on October 31, Scott Bessent, the U.S. Treasury Secretary, marked the 17th anniversary of the Bitcoin white paper with a social-media post that, while celebrating the digital asset’s resilience, also carried a sharp political edge. He praised Bitcoin’s “never shuts down” design while implicitly contrasting it with the federal government’s ongoing paralysis under the current partial shutdown.

For context, the Bitcoin white paper—released on October 31, 2008—set the foundation for a decentralized monetary system that has operated without interruption since January 2009. Secretary Bessent’s timing was deliberate: coming amid a federal shutdown that has furloughed about 900,000 workers and left around 2 million employees working unpaid, paralyzing services from the National Institutes of Health to the Centers for Disease Control and Prevention and marking the longest full shutdown on record.

In his post on X, Bessent wrote:

“17 years after the white paper, the Bitcoin network is still operational and more resilient than ever. Bitcoin never shuts down. @SenateDems could learn something from that.”

The remark does more than salute Bitcoin’s architecture. It reveals a deeper strategic posture from Treasury: an embrace of crypto not merely as a technological novelty but as a policy lever, an opt-out from Washington gridlock, and a subtle rebuke of legislative dysfunction.

Earlier this year Bessent had signalled more than rhetorical support. He endorsed stablecoins under the new GENIUS Act, called for an internet-native dollar system, and floated the creation of a U.S. “Strategic Bitcoin Reserve” using seized digital assets as seed capital.

Reactions within the cryptocurrency community were mixed. On one side, market participants and strategy voices welcomed the acknowledgement that Bitcoin’s core value proposition lies in its uninterrupted uptime and independence from policy cycles. On the other, purist developers bristled at the implication of infallibility. For example, veteran developer Luke Dashjr tweeted that “bitcoin is weaker than ever,” referencing recent protocol debates.

From a policy lens the message is layered. On one level, it serves as a jab at the Democratic-led Senate for failing to pass appropriations and allowing the shutdown to persist. On another, it signals that Treasury does not view digital assets as fringe but as part of the strategic infrastructure of finance and so of national policy. By putting Bitcoin in parallel with governmental uptime, Bessent frames it as more than a speculative asset—it becomes a lesson in reliability, resilience and operational continuity.

For the crypto sector, the implications are significant. Treasury’s tone suggests the sector may increasingly be treated as part of mainstream economic architecture rather than merely regulatory risk. It may also raise expectations that policy will move from mere words to action—perhaps in government holdings of crypto, or formal frameworks that integrate blockchain infrastructure into national payments systems.

Yet there are risks. Critics will argue the messaging overlooks Bitcoin’s volatility, scaling debates and energy footprint. There is also the question of whether contrast-driven commentary—equating a decentralized network’s uptime with Washington’s dysfunction—is a sustainable strategic posture or a rhetorical flourish.

For traders and market watchers this moment matters. Public affirmation from a major regulatory actor gives psychology a boost. If Treasury begins to tilt toward recognition, adoption or incorporation—even in a modest way—it can spur fresh flows and narrative momentum. But markets will watch for substance: regulatory clarity, institutional access, operational integration. Without that, rhetorical praise may fade as implausible hype.

Looking ahead the key handed‐off questions are these: Will Treasury follow the words with frameworks or holdings that signal institutional commitment to digital assets? Will the policy environment tilt toward crypto-friendly infrastructure rather than adversarial regulation? And will the capitalization of a network lauded for never shutting down translate into meaningful financial architecture?

In closing, Bessent’s post captured more than a moment—it offered a narrative pivot: that Bitcoin’s always-on network stands in contrast to sometimes always-off governance. Whether that becomes policy or just a memorable soundbite remains to be seen. But for now Bitcoin earns a badge of resilience—and Washington a public reminder that systems which never sleep have their allure.
$BTC #Bitcoin #US #Bessent

The United States government is navigating uncharted territory as its current shutdown crosses the grim 30-day threshold, an event that has only occurred once before in the nation's history. With the political stalemate showing no immediate sign of breaking, the current funding lapse is poised to become the **longest government shutdown in U.S. history** within just six days, eclipsing the previous 35-day record.

### **Echoes of the Past, Fears for the Future**

As of today, the shutdown, which began on October 1, 2025, is the second-longest in history, with only the 35-day partial shutdown of late 2018 and early 2019 being longer. That 2018-2019 event, which occurred during the first term of President Donald Trump, set the current benchmark for congressional deadlock over funding for a border wall.

The 2025 shutdown is the result of a failure by Congress to pass appropriations legislation for the new fiscal year. This time, the key points of contention reportedly revolve around partisan disagreements on issues including:

* **Federal Spending Levels:** A fundamental difference in priorities for the national budget.
* **Foreign Aid Rescissions:** Disputes over cutting previously approved international assistance.
* **Health Insurance Subsidies:** A failure to reach an agreement on the extension of subsidies under the Affordable Care Act (ACA), the expiration of which is set to significantly increase premium costs for millions.

### **The Growing Impact: A Nation on Hold**

The human and economic toll of the extended shutdown is mounting daily. An estimated **900,000 federal employees have been furloughed**, and approximately two million more are working without pay, creating severe financial strain for hundreds of thousands of families.

Crucial government services are increasingly at risk, extending beyond the closure of National Parks and the suspension of certain research projects:

* **Food Assistance:** One of the most critical and immediate impacts is the threat to the **Supplemental Nutrition Assistance Program (SNAP)**, with funding for benefits for millions of Americans set to run out.
* **Essential Workers:** Despite being deemed "essential," federal law enforcement, air traffic controllers, and active-duty military personnel are working without their regular paychecks.
* **Economic Drag:** Economists warn that the prolonged lapse in funding is beginning to create a sustained drag on the national GDP, with long-term effects on investment and maintenance costs for federal infrastructure.

### **A Race Against the Clock**

The current standoff pits the White House and Congressional Republicans against Democrats, with both sides holding firm on their key demands. A clean funding bill to simply reopen the government has repeatedly failed to pass the Senate, largely due to the need for a 60-vote threshold to overcome the filibuster rule.

Should a funding resolution not be reached within the next six days, the 2025 government shutdown will officially enter the history books as the longest-ever, marking a new low point for legislative functionality in Washington. The approaching deadline for this unenviable record is intensifying pressure on all parties to find a compromise and end a fiscal crisis that is increasingly translating into a humanitarian one.
#US #TRUMP

After an intense 100-minute negotiation in Seoul, former U.S. President Donald J. Trump has confirmed that the United States and China have reached a framework trade agreement, marking a pivotal shift after months of global uncertainty.





Key Developments (via Reuters & CNBC):


• 🇨🇳 China commits to a one-year rare-earth export framework — Trump announced, “The issue is resolved.”


• 🇺🇸 U.S. tariffs on Chinese imports will be cut from 57% to 47%.


• 🇺🇸🇨🇳 China to resume large-scale U.S. soybean purchases, signaling agricultural cooperation.


• 🧪 Tariffs on fentanyl-linked products reduced to 10%.


• Trump declared, “We’ve secured a deal — subject to annual review. This is a huge win for America.”





Market Reaction:


Rare-earth producers, industrial metals, and China-linked equities are soaring as risk appetite surges.


Traders are closely watching $TRUMP , $WLFI , and other Asia-exposed assets for breakout opportunities.





Outlook:


This agreement eases one of the longest-running global trade tensions, reintroducing optimism into cross-border markets.


Capital rotation is already visible — with investors positioning into U.S.–China cooperation narratives and growth-linked sectors.





Momentum is building fast. The next market wave may already be underway

Crypto-friendly charter bank Custodia Bank, based in Wyoming and built around digital-asset services, has taken another blow in its quest for direct access to the U.S. central banking system. On October 31, 2025 the Tenth Circuit Court of Appeals issued a 2-1 decision affirming that the Federal Reserve (the Fed) and its regional Reserve Banks retain discretion to deny so-called “master accounts” to depository institutions — even if those institutions are legally eligible.

Custodia had sought a master account, which would grant direct access to the Fed’s payment and settlement services such as Fedwire, discounted windows and other payment-system rails. The denial underscores key regulatory fault-lines between innovative crypto banks and traditional banking access. Here are the core take-aways, implications, and what this means going forward.

Despite being a state-chartered Special Purpose Depository Institution (SPDI) in Wyoming, Custodia’s bid was rejected by the Fed’s regional bank, and the appeals court upheld that decision. According to legal analysis, the regional Fed bank classified Custodia as a “Tier 3” institution under the Fed’s own guidelines for master-account eligibility — meaning uninsured state-chartered depositories not subject to federal holding-company oversight or with “novel business models” (such as crypto-asset services) face the highest level of scrutiny. In its review the court found that the statute did not impose a mandatory grant of master accounts for all legally eligible depository institutions, thereby preserving the Fed’s discretion.

Custodia’s business model — combining deposit taking (via SPDI charter) with crypto-asset services and custody operations — was characterized by the Fed’s Kansas City regional bank as presenting heightened risks, given regulatory uncertainty around crypto assets, AML/-CFT challenges, and novel charter structures. So although legally eligible in the sense of being a depository institution, the underlying business model and charter type triggered the strictest level of review under the Fed’s “master account” Guidelines.

While the decision is a setback for Custodia and the broader digital-asset banking sector seeking access to central bank rails, it also sends a clear regulatory signal. The Fed, through its Governors and regional banks, maintains that access to the payments infrastructure of the country is not an entitlement simply by charter but is subject to safety and soundness review, business-model scrutiny, and alignment with traditional banking oversight. Observers view this as a reaffirmation that the payments rails of the Fed are being guarded carefully amid the evolving digital asset environment.

One key dimension is the remarks by Fed Governor Chris Waller earlier this year, suggesting that the central bank is exploring a “skinny master account” model — an access path narrower in scope or restricted in functionality — that might offer crypto-friendly firms a connection to the Fed’s rails without full master account privileges. That concept underscores the possibility of differentiated access rather than full equivalence with traditional banks. (Note: public statements by the Fed indicate this is still conceptual.)

For the crypto banking sector this decision means several practical consequences. Without a direct master-account access, banks such as Custodia must rely on correspondent banks (traditional depository institutions) to access the Fed system, which adds cost, dependency, potential counterparty risk and limits control over payment flows. The denial thus preserves a structural barrier for “novel charter” firms to independently integrate into the core U.S. payments infrastructure. In turn this may affect their competitive positioning relative to traditional banks.

The decision also raises broader policy questions. If the Fed continues to deny master-account access to institutions with novel charters or crypto-asset-centric business models, industry participants may increasingly press legislative solutions or seek regulatory reform. Indeed prior efforts in Congress have sought to force broader access (for example via amendments requiring the Fed to publish denials and approvals of master accounts). Proponents of crypto-banking access argue that denying these entities access may suppress innovation and competition and limit how digital asset firms provide deposit-taking, custody and payments services. Critics counter that the Fed must protect systemic stability, depositors, and payment-system safety.

So what now for Custodia? The 2-1 decision means the appeals court has upheld the central bank’s decision-making authority, but it does not necessarily close all avenues. Custodia may explore a further appeal (potentially to the Supreme Court of the United States) or seek to negotiate with the Fed for a narrower access path (for instance the “skinny master account” concept). Alternatively the bank may pivot its business model or meet additional regulatory/federal oversight to reduce risk and align with tier-2 or tier-1 eligibility criteria.

For industry watchers this case marks a watershed moment. It reaffirms the message that crypto-asset banks will not be automatically treated the same as traditional banks when it comes to core services of the central banking system. It signals that the dual banking system in the U.S., with state-chartered banks and federal charters, remains subject to multiple layers of gatekeeping when “novel” business models emerge. And it places the emphasis on how regulatory frameworks will evolve around digital-asset firms seeking full integration.
#US #CryptoMarketAnalysis

Cryptocurrency prices ghosted downward over the last 24 hours, haunted by a sell-off in equities after major #US tech firms Meta and Microsoft raised their AI investment projections, prompting overspending concerns.

Bitcoin (BTC) was little changed, dropping 0.3% to around $110,000 on the 17th anniversary of the publication of its #Whitepaper , while ether fell 1.3% to about $3,840. The not-so-spooky move comes as traders assess the shifting outlook for interest rates and inflation on both sides of the Atlantic.

The European Central Bank appears to be pausing its rate-cutting cycle, while the #Fed 'eral Reserve signaled an interest-rate cut in December is “not a foregone conclusion.” On Polymarket, the perceived odds of three U.S. rate cuts this year slid from 86% to 64%.

Crypto exchange-traded fund flows turned negative, with spot bitcoin ETFs seeing $600 million in outflows so far this week and ETH ETFs registering $184.3 million outflows, according to SoSoValue data.

The #etf s are “showing signs of investor caution,” while the Fear & Greed Index slides deeper into “fear” territory, Bitget COO Vugar Usi Zade said in an emailed statement.

“This transition certainly reflects growing macro anxiety, fueled by persistent inflation, elevated interest rates, and uncertainty around the Fed’s policy path,” Zade wrote. “However, despite the pullback, on-chain activity remains resilient, and the structural case for crypto exposure is still intact.”

Zade pointed to long-term factors like the bitcoin halving due in 2028 and evolving global regulation as potential catalysts for long-term rallies, even though “timing is always uncertain.”

At Coinbase, third-quarter earnings beat expectations. The exchange posted $1.9 billion in revenue and confirmed its layer-2 network, Base, is now profitable, thanks to higher ETH prices and rising transaction volume, showing onchain adoption keeps growing.

Meanwhile, derivatives positioning shows bitcoin traders leaning on income strategies in the $105K–$115K range, according Wintermute Strategist Jasper De Maere.

“Over the next few weeks, markets will likely remain sensitive to macro data releases — including Fed commentary, inflation prints, and labor market signals — as well as any resolution to the ongoing government shutdown,” Bitget’s COO added. “These factors may drive sentiment swings, but they don’t alter the longer-term trajectory.” Beware of ghouls, and stay alert!

Source: #CoinDesk Daybook

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