“The bitcoin price is approaching $103,000 as the federal shutdown ties the 2018–2019 record while the dollar strengthens and tech market futures decline.”, — write: www.coindesk.com
- Bitcoin is approaching its lowest price since the end of June.
- The US Dollar Index (DXY) has risen above 100 for the first time since Aug. 1, a level that typically puts pressure on risk assets such as BTC and tech stocks.
- The US government shutdown has entered its 35th day, matching the record from 2018–2019, with Polymarket suggesting it may extend beyond mid-November.
The last time bitcoin traded below $100,000 was in late June, when tensions between Iran and the US flared.
Meanwhile, the US government shutdown has entered its 35th day, tying the 2018-2019 record for the longest in history. Prediction market Polymarket indicates that the shutdown is likely to extend beyond Nov. 16, continuing to put pressure on bitcoin.
The US Dollar Index (DXY), a measure of the currency’s strength against a basket of major currencies, recently climbed above 100 for the first time since Aug. 1, a move that typically pressures risk assets like cryptocurrencies and equities. Tech stocks are also weakening, with futures pointing lower and the Invesco QQQ Trust (QQQ) down roughly 1.5% in pre-market trading.
Stablecoin payment volumes have grown to $19.4B year-to-date in 2025. OwlTing aims to capture this market by developing payment infrastructure that processes transactions in seconds for fractions of a cent.
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Less than a week after hinting at an international perpetual preferred listing, Strategy unveils its 10% euro-based Stream issue targeting institutional investors.
- The perpetual preferred Stream, will have non-voting shares listed on the Euro MTF Luxembourg, with proceeds earmarked for bitcoin acquisitions and working capital, marking Strategy’s bid to expand its bitcoin-linked financing into European markets.
- STRE pays a 10% annual dividend on a 100 euros stated value, compounding quarterly if unpaid up to 18%, and ranks senior to STRK, STRD, and MSTR common stock but junior to STRF, STRC, and debt.
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