Updated 12:30 UTC — Tuesday, November 11, 2025
Key takeaways
- Price snapshot: Bitcoin is trading near $105,000 midday UTC, with today’s intraday range roughly $104,733–$107,355.
- Macro backdrop: The U.S. Senate passed a funding bill to end the record shutdown and sent it to the House, a risk‑on tailwind that has helped steady crypto sentiment. [1]
- Market tone: BTC is consolidating near $105K, with traders debating whether the recent bounce can extend; a drop under $98K would weaken the structure, while a break above $111K could reignite upside. [2]
- Flows & positioning: After last week’s heavy fund outflows from digital asset products, trackers show only tepid spot‑ETF demand to start this week. [3]
- What’s next: Watch the House vote on the funding bill and U.S. CPI (Oct) due Thursday, Nov. 13, both potential volatility catalysts for BTC. [4]
BTC price today (midday UTC)
At 12:30 UTC, bitcoin changed hands near $104,947, down modestly on the session. The coin has traded between $104,733 (low) and $107,355 (high) so far today, reflecting a tight consolidation band after last week’s choppiness.
CoinDesk’s midday market update notes a similar picture: BTC hovering around $105,000 as traders “brace for the next big move,” with ether near $3,550. [5]
What’s moving bitcoin on Nov 11, 2025
1) Shutdown deal boosts risk appetite—cautiously
Late Monday the U.S. Senate approved a stopgap funding package (60–40) to end the 41‑day government shutdown, sending it to the House for a follow‑up vote as soon as mid‑week. Markets generally welcomed the progress, with observers flagging the prospect of long‑delayed economic data releases resuming—context that often influences crypto via rates and dollar moves. [6]
2) Technical overhang: a potential ‘death cross’
From a chart perspective, BTC slipped back to the $105K area after being rejected at resistance, and analysts warn a daily “death cross” (50‑day below 200‑day) could materialize if momentum fades. Levels to watch: below $98,000 would confirm a bearish shift; reclaiming $111,000 could restore bullish momentum. [7]
3) Range‑bound but fragile
Research highlighted by CoinDesk says bitcoin has chopped in a broad range above $100K since June, masking vulnerabilities in derivatives positioning and liquidity—the sort of backdrop where macro headlines can trigger outsized moves. [8]
4) Fund flows are mixed
CoinShares’ latest weekly report (published Monday) logged a second straight week of outflows (~$1.17B) from digital‑asset funds, led by bitcoin, even as Solana drew notable inflows—evidence of selective risk‑taking beyond BTC. Early‑week readings for U.S. spot bitcoin ETFs show only marginal net inflows so far, underscoring the wait‑and‑see tone. [9]
5) Corporate bid helps the floor, but not a catalyst today
Large corporate treasuries added modestly to holdings in recent days, but that buying hasn’t broken the range: multiple desks still describe BTC as “pinned” near $105K. [10]
6) Policy and regulation in the background
A new IOSCO report today warns that tokenization of traditional assets brings fresh investor risks, keeping regulatory scrutiny in focus even as prices consolidate. [11]
Levels and scenarios to watch today
- Support:$102K–$103K (intraday congestion) and the psychological $100K round number. Failure here risks a retest of October’s post‑selloff pockets. (Context from today’s range and recent market notes.) [12]
- Bear trigger: A decisive daily close below $98,000 would confirm a bearish shift in structure. [13]
- Bull trigger: A strong push above $111,000 could flip the script and re‑open the path toward the mid‑$110Ks and beyond. [14]
On-chain & mining: one near‑term watch item
Mining difficulty is projected to retarget on Nov 12 with an estimated ~‑2.6% adjustment, modestly easing miner pressure after autumn’s hash‑rate climb—incremental, but another reason the $100K zone has attracted dip‑buyers. [15]
The day ahead: catalysts and calendar
- U.S. House vote on shutdown bill: A swift House passage would likely reduce macro tail risk and bring back deferred data releases—both relevant for BTC through the rates and USD channels. [16]
- U.S. CPI (October) releases Thursday, Nov 13 at 08:30 ET—one of the week’s marquee macro prints for crypto traders. [17]
Bottom line
Bitcoin is stable-to‑sideways near $105K on November 11, 2025, with macro relief from the U.S. shutdown deal offset by soft fund flows and a technical overhang. Unless bulls can reclaim $111K, the $98K–$111K corridor remains the battleground—one likely to be influenced by the House vote and Thursday’s CPI. [18]
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrency is volatile and involves risk.
References
1. www.reuters.com, 2. www.coindesk.com, 3. coinshares.com, 4. 6abc.com, 5. www.coindesk.com, 6. www.reuters.com, 7. www.coindesk.com, 8. www.coindesk.com, 9. coinshares.com, 10. www.investing.com, 11. www.reuters.com, 12. www.coindesk.com, 13. www.coindesk.com, 14. www.coindesk.com, 15. bitbo.io, 16. 6abc.com, 17. www.bls.gov, 18. www.reuters.com
