
Phyrex|Nov 09, 2025 17:49
Sunday's homework is still pretty simple. The biggest news today is probably Trump planning to give a $2,000 "dividend" to Americans, excluding high-income earners. After this article spread on Twitter, it drove the crypto market upward. After all, the massive money printing in 2021 was a similar situation. But whether Trump can actually issue this $2,000 is still highly uncertain.
The basis for this $2,000 is tariffs, but the likelihood of the tariff policy being overturned by the U.S. Supreme Court is quite high. According to prediction data from Kalshi, there’s only a 23% chance the tariffs will pass. If the tariffs don’t pass and Trump doesn’t have a better tariff plan, forget about issuing money—this portion of funds might even be returned.
Aside from the money issue, the market’s biggest focus right now is the U.S. government shutdown, which has already reached its 40th day. Although the Senate scheduled a meeting on Sunday, there’s still no sign of the shutdown ending. At 1:30 AM Beijing time, Senate Republicans will hold a meeting, but there’s no voting arrangement yet. The two parties still have significant disagreements over the temporary resolution.
Although there’s no sign of an end yet, at least we can see both parties starting to work toward resolving the shutdown. The market has given a relatively positive outlook, but predictions for when the shutdown will end are getting longer. Now, it’s been pushed to over 48 days, meaning the market predicts the shutdown won’t end this week and might last until the week before Thanksgiving.
Back to Bitcoin data: Sunday’s trading volume has dropped significantly, indicating that retail investors’ sentiment has largely recovered, and panic has eased. Especially with Trump’s money news, many investors who don’t fully understand the policy have turned optimistic. We’ll know more when U.S. stock futures open tomorrow morning. Although the shutdown is still ongoing, we can already see a path to resolution. Hopefully, next week won’t be too tough.
As mentioned yesterday, although BTC’s price has already fallen below the support level, the support hasn’t collapsed. There’s no sign of large-scale exits from loss-making investors, and many investors’ positions remain stable. So, BTC’s price is gradually moving closer to the support level.
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