Crypto News Today [Live] Updates November 7,2025

Bitcoin’s technical structure has turned bearish after losing key support, indicating possible downside potential ahead. Price has rejected the Fair Value Gap (FVG) zone, confirming weakening momentum and bullish control. Analysts suggest that BTC$ is likely to close the FVG and widen its decline towards $83,610. However, a decisive recovery above $116,400 would invalidate this bearish outlook and restore optimism in the near term.

JPMorgan analysts expect Bitcoin to rise to around $1,000. $170,000 within the next 6-12 months. They believe that the recent 20% market correction and leverage reset has set the stage for a new rally. The bank highlighted improved volatility metrics compared to gold and said recent turmoil, including record futures liquidations on October 10 and a $120 million balancer exploit, reflects a healthy market reset ahead of the possibility of Bitcoin’s next rally.

Galaxy CEO Mike Novogratz believes the current downturn in the crypto market is a natural cooling off after a long bull market. He noted that many long-term holders are diversifying their portfolios, which could weigh on prices in the short term, but could strengthen the market over time. Novogratz added that the market has not reached its cycle high yet, and a more dovish Federal Reserve chair later this year could spark the next big rally.

Japan’s Financial Services Agency has approved a pilot project in which MUFG, SMBC, and Mizuho will jointly issue a yen-backed stablecoin. As the first initiative of the Payment Innovation Project (PIP), the program aims to test the legal and operational feasibility of issuing stablecoins across multiple banks. The experiment, scheduled to begin in November 2025, will be a major step towards integrating blockchain technology into Japan’s traditional financial system.

Eric Balchunas, senior ETF analyst at Bloomberg, revealed that Bitwise has filed an 8(a) Form for the Spot Dogecoin ETF. The filing serves as an automatic validity filing with the U.S. stock exchanges, meaning the ETF could be automatically approved for listing if the SEC does not take action within 20 days. The move signals growing institutional interest in Dogecoin and could be a major milestone for memecoin adoption in regulated markets.

According to @EmberCN, Tether’s BTC Reserve wallet has withdrawn 961 BTC (worth $97.18 million) from Bitfinex, potentially indicating a bullish buying move. The wallet, which has used 15% of Tether’s profits to accumulate Bitcoin since 2023, currently holds 87,296 BTC (worth $8.84 billion), making it the sixth largest Bitcoin wallet in the world. Based on withdrawal prices, the average cost per BTC would be $49,121, giving Tether approximately $4.55 billion in unrealized gains.

In a landmark ruling, the Indian High Court has officially recognized Bitcoin and other cryptocurrencies as legal property. The ruling states that crypto assets can be owned, trusted and protected under current law. This measure provides legal protection to investors and strengthens accountability for crypto exchanges operating in the country, marking a major step towards regulatory clarity and mainstream adoption of digital assets in India.

The U.S. Supreme Court is expected to rule on President Trump’s tariffs soon, raising the possibility that the measures could be reversed. Such a ruling could trigger huge refunds to affected companies and impact financial markets. Meanwhile, major financial institutions such as JPMorgan and Charles Schwab are bullish on Bitcoin, predicting it will be more in demand than gold by 2026. President Trump reiterated Bitcoin’s importance to the U.S. economy, calling it “essential to the financial system.”

Robinhood is reportedly considering adding Bitcoin to its treasury, suggesting the institution’s confidence in the cryptocurrency is growing. The move follows strong third-quarter results, with overall revenue doubling and crypto revenue surging 300% year over year. By holding Bitcoin as a strategic asset, Robinhood aims to strengthen its balance sheet and respond to the broader shift to digital assets. Analysts say this could further legitimize Bitcoin adoption in mainstream financial institutions.

New York City’s newly elected mayor, Zoran Mamdani, is proposing a controversial Bitcoin tax that would require all residents to donate a portion of their holdings. His broader socialist policies, including city-run grocery stores and race-based property taxes, have drawn sharp criticism. While supporters hail it as a push for economic equality, critics fear it could cause economic decline, drive away businesses and undermine the city’s status as a global financial hub.

November market trends show renewed investor confidence as Bitcoin rebounds sharply from bear market lows and maintains key support above $100,000. Stocks and gold also rose, but bonds fell. Traders are closely monitoring technical indicators, including the Elliott wave pattern, to predict Bitcoin’s next move. Market sentiment remains cautiously optimistic heading into the final weeks of 2025, as liquidity increases with new crypto listings and futures products.

The crypto market is booming, with Alchemics ($ALCX) and Sapien ($SAPIEN) posting significant price increases, attracting short-term traders looking for quick profits. Analysts warn that while the hype is driving strong momentum, frequent retracements and potential lag pulls make these assets extremely risky. Meanwhile, privacy coins such as Zcash ($ZEC) and Dash ($DASH) are emerging amid renewed interest in digital privacy, with investors divided between pursuing profit and managing risk.

The U.S. government shutdown is draining liquidity at a rate of $15 billion per week, and more than $75 billion has already been drained from the economy. Traditional markets are showing clear signs of stress, and Bitcoin ($BTC) has been quick to react to tightening conditions. Our trading model detected this change early on. A big market update comes before the next big move.

The Fed entered a phase of severe quantitative tightening (QT) in late summer to curb inflation, a typical step that depletes excess liquidity. But the U.S. government shutdown halted large-scale spending, disrupting the normal balanced flow of funds into the economy. As a result, liquidity continues to tighten sharply, as evidenced by the data trends, where the line continues to rise, indicating increasing financial strain.