Bitcoin News Today: Bitcoin's $112K Hurdle: A Confluence of Macro and Institutional Forces

Bitcoin's next move could shock traders if BTC price breaks above $112K, as a confluence of macroeconomic pressures, shifting institutional sentiment, and technological advancements shape the crypto market's trajectory. The U.S. government shutdown, now the longest in history at over 36 days, has drained liquidity from financial markets, pushing the Treasury General Account (TGA) above $1 trillion and tightening overnight funding conditionsBitcoin dips below $100K as US liquidity dries up. This liquidity crunch has weighed on Bitcoin, which dipped below $100K mid-November amid heightened volatility, though it later rebounded to $103KBitcoin dips below $100K as US liquidity dries up. Analysts warn that prolonged shutdowns could exacerbate economic strain, with estimates suggesting weekly losses of $10–$30 billionHow Long Will the U.S. Government Shutdown Last?.

The shutdown's impact on Bitcoin is compounded by waning institutional demand. BlackRock's spot BTC ETF inflows have plummeted 90% year-to-date, from over 10,000 BTC per week to below 1,000 BTCBitcoin Institutional Demand Cools, Potentially Threatening $100K Support. On-chain metrics from Glassnode and CryptoQuant indicate insufficient buying pressure to counter selling from long-term holders, raising concerns about Bitcoin's ability to defend the $100K support levelBitcoin Institutional Demand Cools, Potentially Threatening $100K Support. Meanwhile, ARK Invest's Cathie Wood revised her 2030 Bitcoin forecast downward by $300,000, citing stablecoins' rapid adoption in emerging markets as a competing forceBitcoin Forecast Cut $300,000 by Cathie Wood as Stablecoins Steal Demand.

Despite these headwinds, optimism flickers. Bitcoin surged above $106K early this week as hopes grew that the government shutdown might end, with traders on Polymarket assigning a 56% probability of resolution by late NovemberHow Long Will the U.S. Government Shutdown Last?. The asset's technical resilience was further underscored by its retest of the 50-week exponential moving average, a key bullish signal'Most hated bull run ever?' 5 things to know in Bitcoin this week. Institutional caution persists, however, with derivatives traders avoiding aggressive bets on new highs'Most hated bull run ever?' 5 things to know in Bitcoin this week.

Geopolitical tensions and regulatory developments also loom. Jack Dorsey's Square launched Bitcoin-to-Bitcoin payments, enabling merchants to transact directly in BTCJack Dorsey's Square Launches Bitcoin Payments, while Ledger, a leading hardware wallet provider, plans a New York IPO or funding round in 2026 amid surging demand for secure storageLedger Eyes New York IPO as Bitcoin Security Demand Surges Amid Crypto Hacks. Record crypto hacks—exceeding $2.17 billion in early 2025—have accelerated adoption of offline solutions, with Ledger reporting over 7.5 million units soldLedger Eyes New York IPO as Bitcoin Security Demand Surges Amid Crypto Hacks.

Looking ahead, Bitcoin's path hinges on liquidity normalization and renewed institutional appetite. The Treasury's projected $150 billion liquidity injection upon reopening could spark a rebound, though Fed policy uncertainty and stablecoin competition remain risksBitcoin dips below $100K as US liquidity dries up. Bitdeer Technologies, a Bitcoin mining equipment maker, signaled optimism, forecasting AI cloud services to generate $2 billion annually by 2026Bitcoin mining tech maker Bitdeer's Q3 revenue surges 174%, beats estimates. For now, traders brace for a volatile finish to 2025, with the $112K threshold poised to test market resolve.