Bitcoin fell back to 101K, Circle big dump 12%

As the US government prepares to restart, the Dow Jones hits a new historical high. Bitcoin (BTC) has fallen from 105K all the way down, reaching a low of $100,813, while Ether (ETH) continues to hover around 3,400. Stablecoin issuer Circle has seen a big dump of over 12%, despite the company's quarterly earnings report exceeding Wall Street expectations, investors appear cautious about future growth prospects.

Is the US government ready to restart? Dow Jones hits a new historical high.

Investors are closely monitoring the developments in Washington, as the federal government seems prepared to reopen before the weekend. The Senate passed a spending bill on Monday evening, which has since been submitted to the House for a final vote. House Majority Leader, Louisiana Republican Congressman Steve Scalise, expects the House to vote on the bill around 7 PM Eastern Time, which means results will be available after 8 AM Taiwan time on 11/13.

The major U.S. stock indices closed mixed, with the Dow Jones Industrial Average breaking through the 48,000-point mark for the first time, setting a new all-time high. The S&P 500 index was nearly flat, while the Nasdaq index fell by 0.26%, marking its second consecutive day of decline. Different sectors also displayed varying trends, with bank stocks generally rising, and Wells Fargo and Bank of America reaching new highs. Artificial intelligence trading continued the volatility trend seen this month, as investors remain concerned that tech stock valuations may be too high after a recent surge. AMD's stock price rose by 9%, while Oracle and Palantir Technologies saw their stock prices decline.

( Su Zifeng: AI chip demand is limitless, and AMD is expected to reach hundreds of billions in revenue before 2027 )

Bitcoin fell back to 101K, Circle big dump 12%

The overall cryptocurrency market cap fell by 0.88% to $3.43 trillion, Bitcoin (BTC) dropped from 105K all the way down to a low of $100,813, while Ether (ETH) continued to hover around $3,400. The Fear and Greed Index dropped to 26, still in the fear zone.

Bitcoin spot ETFs have resumed net inflows this week, with a net inflow of $520 million on 11/11, but it seems to have had no positive impact on coin prices. Yesterday, the original name of the Bitcoin reserve strategy pioneer, MicroStrategy(, still fell nearly 3%.

Stablecoin issuer Circle saw a big dump of over 12%, despite the company's quarterly earnings report surpassing Wall Street expectations, but investors appear cautious about future growth prospects.

)Circle Q3 financial report makes a strong debut: USDC circulation doubles, net profit soars by 202%!(

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