The crypto sector’s market value fell about 4% on Wednesday despite a slight rise in Asian stocks, driven by market optimism that the United States is approaching ending the longest government shutdown in its history.
Traders showed notable caution amid a clear weakness in market sentiment, as Bitcoin perpetual futures volume declined sharply from $94 billion to $68 billion, while funding rates remained stable and Bitcoin ETFs in the United States saw net investments that did not exceed just $1 million.
Bitcoin is trading below its 200-day moving average at $110,000, facing resistance near that level with support near $103,000. Analysts believe that if the selling pressure intensifies, the next support range could be between $82,000 and $86,000.
Quick overview of the market:
- Bitcoin price: $103,305, down 3.5%
- Ethereum-ETH Price: $3,438, down 5.2%
- Ripple Coin Price (Ripple-XRP): $2.40, down 5.6%
- Market value of the digital currency sector: $3.56 trillion, a decrease of 3.5%
Traders await the vote in Washington as the end of confinement approaches, in a context of scarcity of economic data.
Since the start of October, Bitcoin has lost around $340 billion in market value, lagging the performance of gold and technology stocks despite its recent recovery. George Mandres, chief trader at
In traditional markets, the MSCI Asia ex-Japan index rose 0.1% in early trading as members of the US House of Representatives prepared to vote on a bill to restore funding to the federal government, a measure previously approved by the Senate, which would end the government shutdown that began on October 1 and is considered the longest in the country’s history.
In the United States, the Dow Jones Industrial Average closed up 1.2%, at a new high, while the Nasdaq fell 0.3% and futures on the Standard & Poor’s 500 (S&P 500) remained stable in Asian trading. Additionally, the ADP report showed that private sector employers lost an average of 11,250 jobs per week in the four weeks ending October 25.
The U.S. Senate has passed an amended appropriations bill aimed at reopening the government’s longest-running shutdown. The bill awaits House approval.#USStop #Senate Bill #CryptoReacthttps://t.co/CIV1Eocx18
– Cryptonews.com (@cryptonews) November 11, 2025
Weak jobs data prompts bets on interest rate cut at next Fed meeting
Weak labor markets have prompted investors to bet more on looser monetary policy, with futures markets now indicating a 68% chance of a 25 basis point interest rate cut at the Fed’s scheduled Dec. 10 meeting, up from 62% the day before, according to CME’s Fed Rate Watch tool.
The U.S. dollar index fell 0.2% to this month’s low of 99.45, indicating low confidence in the green currency as traders brace for the possibility of monetary policy easing. The price of an ounce of gold continued to rise after rising around 3% overnight, steadily surpassing the $4,100 level during the Asian session, supported by falling yields and renewed risk appetite in stock markets.
Analysts: Low conviction hovers over the digital currency market until investment in exchange-traded funds (ETFs) improves.
Bitcoin failed to benefit from the wave of demand for high-risk assets, as the price of the largest digital currency by market value remained near the $105,000 level without being able to regain its main technical levels. Analysts believe that confidence in the market will remain low until there are signs of consolidation on blockchain or a significant increase in investment in exchange-traded funds (ETFs).
For his part, US President Donald Trump warned late Tuesday that the court’s ruling against his use of emergency powers to impose tariffs could threaten both economic stability and national security, adding a new layer of anxiety to markets still adjusting to the effects of the prolonged government shutdown.
As Washington nears a government regulation, traders expect volatility in high-risk assets to decrease, but digital currency markets may need more time to recover as investors are cautious after weeks of selling pressure and liquidity depletion.
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