Crypto Update Today: No BTC Moonvember in 2023, Price Stabilizes Above $104k
This is the latest cryptocurrency update,
Bitcoin
1.12%
Bitcoin
BTC
Price
$102,900.28
1.12% /24h
Volume in 24h
$58.52B
Price 7d
is presently maintaining a position above $104,000, having momentarily passed $106,000 at the start of this week. On Monday, it surged to $106,453 but was unable to sustain that price and fell nearly 3% the following day.
Currently priced at
, it reflects a decline of 0.35% over the last 24-hour period. Nevertheless, on the weekly chart, there is still a gain of 3.35%, indicating a slight recovery.
The current price trends indicate that BTC is undergoing a consolidation phase. However, potential upcoming economic updates from the US and the resolution of the US government shutdown could initiate fluctuations and cause more price movements.
So far, these updates have had no immediate impact on BTC’s pricing, but there is always room for change. Simultaneously, there is a rise in institutional interest in BTC. US-listed Bitcoin ETFs received more than $520M in new funding on November 11, 2025.
(Source: SoSoValue)
From a technical standpoint, if BTC can surpass a close above $106,453, it can potentially ascend to the next significant level at $109,755. The Relative Strength Index (RSI) currently rests at 53, suggesting a neutral position as the trading market appears to be indecisive, awaiting a catalyst for the next upward or downward movement based on forthcoming news.
(Source: TradingView)
The sideways movement of Bitcoin has dashed hopes for a November surge. However, it’s not all doom and gloom. Historically, November tends to be a robust month for BTC, showing an average gain of approximately 41.78% since 2013, according to CoinGlass’s data.
Crypto traders are bullish about BTC’s fundamentals, asserting that BTC is still undervalued in comparison to other assets.
As promised, here is my 11 minute Bull Case For Bitcoin at todays price:
TLDR – Fundamentals are strong, Context is VERY constructive relative to previous “cycles” and we are at the BOTTOM, not the top of the range, relative to other financial assets. pic.twitter.com/pizZ8oOmoy
— Dave W (@daveweisberger1) November 11, 2025
EXPLORE: Top 20 Crypto to Buy in 2025
Crypto Update Today: BTC May Have Bottomed Out At $98K
It seems that Bitcoin might have reached its temporary low at $98,000. Trader Mayne has indicated that this level corresponds with previous cycle lows seen at $25,000, $50,000, and $75,000. Additionally, it aligns with BTC’s 50-week moving average.
The rebound to $106,000 earlier this week, before settling, implies that the crypto market still holds some hope for BTC.
In his podcast, Mayne suggested that if BTC manages to rise above $110,000, it could set the stage for new all-time highs. However, in the short term, resistance is anticipated around the $105,000 to $107,000 range.
Important level. https://t.co/ifTgsnqvNF pic.twitter.com/oQDT82u9Bb
— Mayne (@Tradermayne) November 11, 2025
He predicts a possible 50%-60% increase from the $98,000 low, potentially driving BTC to levels between $140,000- $160,000 or even reaching $200,000 in what he terms a “giga blowoff rally” by late December or early 2026.
Mayne expressed optimism as long as the price hovers above $98,000. If the price dips below $98,000 or fails to break the $110,000 mark, it would signal the end of the current cycle.
Everyone claiming $BTC won’t have massive corrections anymore, no more 4 year cycle
But what if it’s really this simple pic.twitter.com/JpllxpAouD
— Guy (@Credib1eGuy) October 30, 2025
He continues to monitor BTC’s cycle behavior and anticipates the next peak late in 2025 or early 2026, followed by a downturn.
Additionally, he pointed out that the prevailing trading market fear and negativity might actually indicate an upcoming surge. “Regardless, I believe it’s coming to an end soon,” he commented. “The majority of 2026 will likely be downtrend.”
EXPLORE: 20+ Next Crypto to Explode in 2025
JPM Crypto token Launches On Base
As reported in a Bloomberg article dated November 12, 2025, the launch of JPM Coin on Base signifies a pivotal moment where traditional banks are genuinely utilizing public blockchains for real financial transactions.
With this rollout, institutional clients can execute USD transactions instantly, anytime, without waiting for regular banking hours.
JPMORGAN has officially launched its on-chain deposit coin ( $JPM Token) for institutional clients, marking a significant transition from traditional finance to real blockchain applications.
When the largest bank transitions to blockchain… it sparks excitement!
— Wise Advice (@wiseadvicesumit) November 12, 2025
This crypto token is backed by actual deposits held at JPMorgan, providing a secure and regulated means for conducting transactions on-chain.
Currently, only verified institutional clients can access JPM Crypto token on Base. Nonetheless, the banking powerhouse aims to gradually offer access to its clientele, contingent on regulatory clearance. The crypto token can also be employed as collateral on Coinbase.
This launch builds upon JPMorgan’s pilot initiatives with Mastercard, Coinbase, and B2C2, aligning with the roadmap they introduced this past June.
Chainlink ETF Debuts On DTCC
The Bitwise Chainlink ETF has officially appeared on the Depository Trust & Clearing Corporation (DTCC) website, classified as both active and pre-launch.
This is a positive advancement, though it does not ensure approval from the U.S. Securities and Exchange Commission (SEC). The decision is presently postponed due to the US Government shutdown.
Bitwise Chainlink ETF $CLNK listed on DTCC pre-launch funds list
— Zach Rynes | CLG (@ChainLinkGod) November 12, 2025
The ETF seeks to provide institutional and retail investors direct exposure to Chainlink’s crypto token,
Chainlink
2.38%
Chainlink
LINK
Price
$15.70
2.38% /24h
Volume in 24h
$991.84M
Price 7d
. However, following a failed attempt to breach the $17.40 price ceiling, the price dropped by 5% to $15.52.
Kraken CEO Critiques UK Crypto Regulations For Stifling Progress
Arjun Sethi, CEO of Kraken, has condemned the stringent crypto promotion regulations in the UK. He contends that they create unnecessary hurdles for users and hinder broader adoption, consequently stifling innovation.
He compared the mandatory risk warnings to cigarette labels, arguing that they make crypto platforms seem unwelcoming to new users. Sethi argues that these regulations, instituted by the FCA (Financial Conduct Authority), are excessively strict and restrict UK users from accessing roughly 75% of crypto offerings, including locking tokens and lending services.
— The Lebowski (@TheLeebowski) November 12, 2025
Meanwhile, the FCA has defended its stance as a way for consumers to make educated decisions. Sethi further asserted that excessive warnings and complicated processes may deter users from engaging with crypto altogether.
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