Bitcoin News Today: Bitcoin Tumbles as Regulatory Hope Clashes with Macro Fears

Bitcoin's price slid below $108,000 in early November, marking its worst October performance since 2014 and raising concerns of a deeper correction, according to a Bitcoin weekly forecast. The cryptocurrency's 4% monthly loss contrasts with its historic "Uptober" reputation, as macroeconomic headwinds, regulatory uncertainty, and geopolitical tensions weigh on risk assets. Analysts warn that continued institutional outflows and technical breakdowns could push BTC toward $85,000–$94,400, levels last seen in April.

The selloff follows a volatile October, during which Bitcoin swung between all-time highs near $125,000 and a sharp dip to $105,000. U.S. spot Bitcoin ETFs, which initially drove bullish momentum with $1.2 billion in inflows on October 6, later saw $536 million in outflows mid-month as trade tensions and Fed policy uncertainty resurfaced. The Fed's hawkish stance—reiterating no December rate cuts despite a 25-basis-point reduction in October—and a prolonged U.S. government shutdown have further dampened risk appetite.

Despite the downturn, Coinbase's Q3 2025 earnings offered a rare bright spot. According to Analytics Insight, the exchange reported $1.87 billion in revenue and $432.6 million in net income, driven by $295 billion in trading volume and a 58% year-over-year revenue surge. CEO Brian Armstrong highlighted the firm's strategic Bitcoin accumulation, adding 2,772 BTC in the quarter to a corporate stash now totaling 14,548 BTC. The company also expanded its "Everything Exchange" roadmap, integrating derivatives and options trading via its Deribit acquisition, and Coinbase's stock momentum reflected that optimism in the market as Coinbase stock soars.

Regulatory developments have added to the market's turbulence. Singapore authorities froze $150 million in assets linked to an alleged Bitcoin fraud kingpin, underscoring ongoing enforcement actions in the crypto space. Meanwhile, U.S. regulators have shifted toward a more accommodating stance, with Treasury Secretary Scott Bessent advocating for stablecoin adoption and the SEC embracing tokenized securities. These moves have buoyed bullish sentiment, particularly among institutional players.

MicroStrategy's Michael Saylor remains optimistic, predicting Bitcoin could hit $150,000 by year-end despite recent volatility. Saylor cited regulatory progress, institutional adoption, and tokenized real-world assets (RWAs) as key drivers, with Standard Chartered projecting the RWA market to reach $2 trillion by 2028, according to Cointelegraph. However, such optimism clashes with current market dynamics. BlackRock's iShares Bitcoin Trust ETF, the largest driver of ETF inflows, saw $28.1 billion in 2025, but without its participation, spot Bitcoin ETFs recorded a $1.27 billion net outflow year-to-date.

Macro risks persist. A tentative U.S.-China trade deal could alleviate some pressure, according to Yahoo Finance, but Trump's 100% tariff threats and unresolved tariff negotiations have kept markets on edge. Deribit analysts noted weakening demand for protective puts, suggesting traders are cautiously positioning for potential rebounds. Yet, Bitcoin's failure to reclaim the $110,000 resistance level and its stalled momentum near the 0.5 Fibonacci retracement point to ongoing bearish bias.

Technical indicators reinforce the bear case. Bitcoin's 14-day RSI at 47.79 remains neutral, but a breakdown below the $106,500 support could trigger a 32% drop to $87,000, mirroring a 2024–2025 fractal pattern, as highlighted in a CCN analysis. Altcoins face even steeper declines, with Plasma (XPL) and DoubleZero (2Z) falling over 18% and 17%, respectively, as Bitcoin's dominance rises to 63.48%.

While Saylor's $150,000 forecast hinges on regulatory clarity and ETF-driven adoption, immediate risks favor further corrections. As one analyst noted in Finbold, "Bitcoin's long-term outlook remains intact, but the path there is anything but smooth." With macroeconomic uncertainties and geopolitical tensions unresolved, investors may brace for a prolonged bearish phase.

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