Coinbase's Armstrong: Crypto Injects Capitalism Into Every Country

Long-term Bitcoin holders could be selling their holdings to shift into exchange-traded funds (ETFs) and to diversify their crypto portfolios, says Dr. Martin Hiesboeck, the head of research at cloud-based financial service platform Uphold. 

“There are several reasons why OG crypto holders are selling,” Hiesboeck said on Sunday. “Number one is to buy them back in the form of ETFs, which offer incredible tax advantages with current rules, especially in the US.”

Early Bitcoin (BTC) arbitrage trader Owen Gunden was among the latest to shift his 11,000 Bitcoin holdings to an exchange, with a final transfer of 3,549 coins on Sunday, according to Lookonchain. 

Following last week’s sharp decline, the cryptocurrency market has rebounded with strong momentum. In just 24 hours, global crypto valuation jumped nearly 5%, reaching $3.58 trillion. Bitcoin climbed past $107,000, while Ethereum, Solana, and XRP saw double-digit gains. But what’s causing this sudden market comeback? Here are five key reasons driving the rally.

Trump’s $400 Billion Tariff Dividend

The biggest jump came from Donald Trump’s announcement of a massive “tariff dividend,” a $2,000 payment for Americans funded by U.S. tariff revenues. This move, expected to inject over $400 billion into the economy, immediately lifted market sentiment.

Traders believe a portion of this money could flow into risk assets, such as Bitcoin and altcoins, just as previous stimulus checks fueled rallies in 2021.

Government Shutdown Nearing Its End

Adding to the positive tone, Washington finally appears close to ending its prolonged government shutdown. A bipartisan deal reached over the weekend promises stability, avoiding layoffs and restoring key government functions. 

This move removes a major risk factor and brings back the release of vital economic data on jobs and inflation, both key for market stability.

SOFR Rate Declines to Multi-Year Low

Another key reason behind this rally is the steady decline in the Secured Overnight Financing Rate (SOFR), now sitting at its lowest level in years. This rate reflects the cost of short-term borrowing among major banks. 

When SOFR drops, it typically encourages investors to take on more risk, a key reason why both stocks and crypto are seeing inflows again.

Massive Short Liquidations

Bitcoin’s jump above $106K triggered massive short liquidations, forcing traders to close bearish positions and fueling a rapid market rebound. In just 24 hours, over 118,000 traders were liquidated, totaling $342 million, with the largest single order worth nearly $19 million on Hyperliquid.

Surge in Trading Volume and Open Interest

Crypto trading activity has picked up again, signaling growing investor participation. Open interest in crypto futures rose 5% in 24 hours to $148 billion, showing traders are regaining trust and re-entering the market with leverage.

FAQs

The market is rising due to Trump’s tariff dividend plan, easing shutdown risks, lower SOFR rates, short liquidations, and higher trading activity.

A large cash injection boosts investor confidence and may push some Americans to buy crypto, lifting prices across major coins.

Yes. A likely end to the shutdown restores stability and key economic data, improving risk sentiment and supporting crypto gains.

More traders are returning to the market with leverage as confidence improves, pushing up trading volumes and open interest.

Multiple US economic events are on the calendar this week, and could either hinder the Bitcoin price’s path to $110,000 or be the tailwinds that drive it further north.

The influence of US economic signals on Bitcoin and crypto remains significant in 2025, with associated sentiment becoming a critical factor in short-term price action.

US Economic Signals to Watch This Week

With increasing optimism about a deal to end the longstanding US government shutdown, the Bitcoin price is already showing strength and has climbed above the $105,000 threshold. However, whether it extends further north or retracts may hinge on the following headlines this week.

Fed Speeches

A long list of Federal Reserve (Fed) officials is expected to speak this week. Fed governor Michael Barr speaks on Tuesday, while New York Fed President John Williams, Philadelphia Fed President Anna Paulson, Fed governor Chris Waller, Atlanta Fed President Raphael Bostic, Fed governor Stephen Miran, and Boston Fed President Susan Collins speak on Wednesday.

Sentiments from these Fed officials, among others, in the week could influence investor sentiment, influencing the Bitcoin price’s directional bias.

US Federal Reserve Chairman Jerome Powell recently stated that the Fed will soon expand its balance sheet again. This signaled preparation for a new phase of quantitative easing (QE). 

The news sent crypto investors into a frenzy in anticipation of a surge in fresh liquidity. At the same time, skeptics warned that it could inflate a dangerous bubble.

Against this backdrop, further indications or statements regarding QE down the road could further influence sentiment.

Initial Jobless Claims

Another key US economic event to watch this week is the Initial Jobless Claims, which reports the number of US Citizens who filed for unemployment insurance the previous week.

This metric serves as a leading indicator of labor market health. As such, lower-than-expected claims signal economic strength and stability, while higher-than-expected claims indicate weakness, potential layoffs, and increased recession risks.

Higher-than-expected jobless claims are Bullish for Bitcoin, as they signal potential Fed rate cuts. Conversely, lower-than-expected claims are bearish, often signaling delays or cuts.

Notably, however, the release of this data point, or its absence, depends on whether the US government shutdown will have ended by Thursday.

Reportedly, eight Democrats voted with Republicans to reach the necessary 60-vote threshold to end the filibuster. This vote has failed 14 times in the past 40 days.

CPI

The October CPI (Consumer Price Index) data may also be released this week, on Thursday, to show how prices rose in October. Like the initial jobless claims, however, this schedule is contingent on the government shutdown ending.

It follows the September CPI, which came in below expectations, showing inflation rose at an annual rate of 3% year-over-year in October.

As long as inflation remains above the Fed’s 2% target, it keeps monetary policy restrictive, delaying aggressive rate cuts. This is mildly bearish for Bitcoin, which thrives on liquidity.

If CPI rises from the 3.0% seen in September, the persistent inflation could force the Fed to pause or hike, draining risk appetite. Conversely, a drop below the 3.0% would confirm disinflation, boosting rate-cut expectations.

PPI

The PPI is also contingent on the end of the US government shutdown, as it measures wholesale inflation or the cost that producers pay for goods before they reach consumers.

Based on these tentative US economic events, the US government shutdown drama remains a crucial factor in the Bitcoin price’s directional bias this week.

As of this writing, BTC was trading for $106,195, up by over 4% in the last 24 hours.

November 10, 2025 06:15:25 UTC

Ripple Trust Bank Set to Gain Edge in Basel III Era

With Basel III Endgame taking effect on January 1, 2026, global banks will face tougher capital rules, but Ripple Trust Bank stands out. Operating under a U.S. Trust Bank charter, it avoids lending risks and focuses on digital asset custody and settlement. Integrated with the Federal Reserve’s RTGS system and XRP Ledger, its RLUSD stablecoin, backed by U.S. Treasuries, meets Basel III liquidity standards, positioning Ripple Trust Bank as a low-risk bridge between traditional finance and blockchain.

November 10, 2025 06:14:01 UTC

Stablecoin Supply Slips After Months of Growth — Is Market Liquidity Cooling?

The stablecoin market cap is starting to decline after months of steady growth, signaling a potential cooling in crypto liquidity. Analysts often view stablecoin trends as a leading indicator of capital inflows and outflows across digital assets. The recent drop suggests that fresh money entering the market may be slowing, a development traders are watching closely as it could hint at reduced buying power and a short-term pullback in risk assets like Bitcoin and Ethereum.

November 10, 2025 05:23:34 UTC

U.S. Set to Inject $500 Billion — Crypto Market Goes Parabolic

The U.S. government is reportedly preparing a massive $500 billion market injection, marking the first major liquidity boost since 2021. Back then, a similar move triggered an explosive 10,000% crypto rally in just weeks. Traders are calling it “Giga Bullish” as Bitcoin surges parabolic in early reaction. With fresh liquidity on the horizon, market sentiment is shifting sharply bullish — and investors are bracing for another historic crypto breakout.

November 10, 2025 05:23:34 UTC

Bitcoin Clings to $100K Support as Traders Brace for CPI Data

Bitcoin is testing a historic support level near $99,200, dubbed the “Golden Line” — a price zone it hasn’t lost since the 2023 bull market began. Analyst DrProfit warns that closing below this level could mark a major shift from bull to bear territory. Despite a brief bounce, he expects Bitcoin to break lower amid rising leverage and market manipulation. His strategy remains fully in USDT, holding shorts from $119K with plans to add more near $117K, ahead of key CPI and PPI data this week.

November 10, 2025 05:23:34 UTC

Key Events to Watch: $2,000 Dividend, Fed Talks, and OPEC Report Signal Volatility Ahead

Markets brace for another volatile week as major macro events unfold. On Monday, traders will react to Trump’s proposed $2,000 “tariff dividend” and the U.S. government shutdown, now in its 41st day. Tuesday brings the NFIB Small Business Index, followed by OPEC’s Monthly Report on Wednesday. Thursday features the Federal Budget Balance, while nine Fed officials are set to speak throughout the week — potentially shaping market sentiment and fueling swings across stocks, bonds, and crypto.

November 10, 2025 05:23:34 UTC

Robert Kiyosaki Predicts Gold at $27K, Bitcoin at $250K — Says “Crash Will Make Me Rich”

Rich Dad Poor Dad author Robert Kiyosaki says he’s buying, not selling ahead of what he calls an inevitable market crash. Kiyosaki revealed bold targets: Gold at $27,000, Bitcoin at $250,000, Silver at $100, and Ethereum at $60,000 by 2026. Citing lessons from Gresham’s and Metcalfe’s laws, he blames the U.S. Treasury and Fed for “printing fake money,” making savers “the biggest losers.” Despite warning of a looming crash, Kiyosaki remains confident: “Massive riches ahead.”

Earlier this Monday, the price of Bitcoin, the leading cryptocurrency, surged above the $106,000 level. 

The price uptick has coincided with the US Senate voting to advance a deal that would end the longest-ever government shutdown, which has been going on for a total of 40 days. The crucial bill has managed to advance by a vote of 60-40. 

The US government initially entered a shutdown on Oct. 1 after Congress did not manage to pass the necessary appropriations to continue funding the government. The Democrats wanted to extend some healthcare subsidies, but the Republicans were opposed to this as well as some other funding issues. 

During the initial days of the shutdown, the price of BTC rallied to an all-time high of $126,080. However, the cryptocurrency's bullish momentum then faltered as the shutdown continued to drag on.

ETF floodgates

According to Geraci, the end of the shutdown means that spot ETF floodgates are about to open. 

The Securities and Exchange Commission is operating in a limited capacity during the ongoing shutdown, which is why it could not deal with a backlog of filings. 

Some ETF filings did manage to get through with the help of "automatic effectiveness" provisions, but the floodgates are yet to truly open. 

Solana started a recovery wave above the $162 pivot zone. SOL price is now consolidating and faces hurdles near the $172 zone.

• SOL price started a decent upward move above $160 and $162 against the US Dollar.
• The price is now trading above $162 and the 100-hourly simple moving average.
• There was a break above a contracting triangle with resistance at $162 on the hourly chart of the SOL/USD pair (data source from Kraken).
• The price could continue to move up if it clears $168 and $172.

Solana Price Starts Recovery

Solana price extended losses below $150 before the bulls appeared, like Bitcoin and Ethereum. SOL tested the $145 zone and recently started a recovery wave.

There was a move above the $155 and $162 resistance levels. Besides, there was a break above a contracting triangle with resistance at $162 on the hourly chart of the SOL/USD pair. The pair even spiked above the 50% Fib retracement level of the downward move from the $188 swing high to the $145 low.

Solana is now trading above $162 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $168 level. The next major resistance is near the $172 level or the 61.8% Fib retracement level of the downward move from the $188 swing high to the $145 low.

The main resistance could be $178. A successful close above the $178 resistance zone could set the pace for another steady increase. The next key resistance is $185. Any more gains might send the price toward the $196 level.

Another Decline In SOL?

If SOL fails to rise above the $172 resistance, it could continue to move down. Initial support on the downside is near the $162 zone. The first major support is near the $160 level.

A break below the $160 level might send the price toward the $155 support zone. If there is a close below the $155 support, the price could decline toward the $150 zone in the near term.

Technical Indicators

Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone.

Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level.

Major Support Levels – $155 and $150.

Major Resistance Levels – $168 and $172.