$BTC $ETH Bitcoin (BTC) News Roundup: November 7, 2025
Bitcoin is trading around $101,000–$102,000 today, down about 1–2% in the last 24 hours amid ongoing market exhaustion and volatility. This follows a sharp October decline (BTC’s worst in a decade, down ~5%), with the asset dipping below $100K briefly earlier this week for the first time since June. Broader crypto sentiment is “extremely bearish,” per analysts at QCP Capital, driven by ETF outflows ($1.3B net over four days), $1B in long liquidations, and fading fresh capital inflows. The Fear & Greed Index is in “extreme fear” territory, echoing early 2021 bearish vibes and consolidation bottoms from recent cycles.
Key Market Drivers Today:
• Regulatory Green Lights: Federal Reserve Chair Jerome Powell confirmed banks can now offer crypto services, potentially boosting institutional adoption. This aligns with Coinbase execs pushing Congress for market structure bills, calling them “oil for the onchain economy.” Separately, Circle urged the U.S. Treasury to enforce uniform stablecoin rules under the GENIUS Act, while Trump’s proposed GENIUS Act debate heats up—Coinbase argues non-issuers should pay interest on stablecoins.
• Corporate & Institutional Moves: Robinhood is evaluating a Bitcoin treasury strategy amid the trend (e.g., MicroStrategy’s $69B BTC holdings). Spain’s ITER plans to sell 97 BTC (bought for $10K in 2012, now worth >$10M) to fund quantum projects. Whale activity picked up: BTC whales accumulated 30K coins this week, and spot average order sizes signal big buys returning, with retail “feeding the whales.”
• Stablecoin & Ecosystem Shifts: USDC flipped USDT in transaction volume for the first time ever, while Tether partnered with KraneShares and Bitfinex to advance tokenized markets. Drama hit with USDX depegging to $0.38 (wiping $250M) and DEUSD collapsing from a $68M exposure default. Base leads L2 profits at $9.9M monthly.
