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November 13, 2025
Data shows that BTC’s “average annual returns have gradually declined, with no peaks at all in the last cycle, confirming the hypothesis that Bitcoin’s risk/return structure has changed.”
Bitcoin’s momentum loss continues as long-term holders add to market selling pressure and rising US dollar strength leads investors to reduce their exposure to risk.
With crypto markets failing to meaningfully rally toward the end of 2025, it only sets up 2026 for more upside, according to Bitwise’s Matt Hougan.
The House passed a funding bill to end the longest US government shutdown in history, which had previously delayed crypto ETF approvals and key crypto bills. 
Galaxy tokenization head Thomas Cowan says interest in tokenization is now “independent of the price of Bitcoin” as institutions have started to see the benefits.
Crypto market sentiment remains fearful as the broader market continues to slump, but that could be a good thing, as weak hands sell off, Santiment argued.
Vitalik Buterin and two other Ethereum leaders have written a “Trustless Manifesto” to call on builders to never sacrifice decentralization in pursuit of adoption.
US President Donald Trump signed the bill ending the record 43-day government shutdown and resuming federal operations.
The average cost of Bitcoin during Q3 last year was $61,000, in contrast to $114,500, according to BitFuFu, which led more miners to buy up machines and use cloud mining to get some for themselves.
The memecoin Mog Coin saw a slight lift in its price on Wednesday after Canary Capital filed to launch an ETF tracking the token.
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