Bitcoin Slides to ~$103K as Morgan Stanley Flags ‘Fall Season’; XRP and Crypto Retreat After Veterans Day — What to Watch on Nov. 12, 2025
Bitcoin fell near $103,000 intraday Wednesday, extending losses to about 20% below October highs as traders reacted to weak U.S. labor data and uncertainty over a possible government shutdown. Morgan Stanley analysts said crypto has entered the “fall” phase of its four-year cycle, advising investors to consider taking profits. Ethereum and XRP also dropped. The House is set to vote on a shutdown bill later today.