A Shot in the Arm: Crypto Daybook Americas
Bitcoin is testing resistance above $106,000, driven by positive catalysts including potential stimulus news and easing financial conditions.Summary
The cryptocurrency market received a threefold boost, pushing Bitcoin toward a critical test of the $106,000-$107,000 resistance zone, which could determine the next major market cycle leg. Optimism stemmed from President Trump's proposed $2,000 dividend (though potentially delivered via tax cuts rather than direct stimulus), the U.S. Senate advancing a measure to fund the government through January, and easing financial conditions with a stalled dollar rally. Success above resistance could revive demand for spot Bitcoin ETFs, which have seen recent outflows, while failure might trigger a deeper sell-off. In altcoins, XRP gained traction due to potential spot ETF filings, and privacy coins like ZEC continued to perform well. Additionally, the acting CFTC Chair indicated leveraged spot crypto products could launch soon.
(Source：CoinDesk)