Bitcoin rose above $103,000 on Thursday following stronger-than-expected US economic reports. Services activity hit an eight-month high in October, while private payrolls increased by 42,000, exceeding forecasts. The data lifted equities and digital assets as risk sentiment improved across global markets.

Bitcoin briefly fell below $100,000 on November 5, 2025, triggering more than $1.7 billion in liquidations across cryptocurrency exchanges. Analysts say the decline resulted from excessive leverage unwinding rather than long-term investor selling. Market observers identify the $100,000 level as critical support, with on-chain data showing holders maintaining positions.

Franklin Templeton, Canary Capital, and Bitwise have submitted updated filings for spot XRP ETFs designed to permit trading without waiting for the SEC's formal approval during the ongoing government shutdown. The modifications could enable the products to begin trading in November, joining recently launched altcoin ETFs for Solana, Litecoin, and Hedera Hashgraph, according to Bloomberg ETF analyst James Seyffart.

World Liberty Financial (WLFI), the cryptocurrency initiative associated with U.S. President Donald Trump, has partnered with Bonk and Raydium to expand its USD1 stablecoin onto the Solana blockchain. The collaboration will establish USD1-based trading pairs and liquidity pools on Raydium, while Bonk.fun will integrate the stablecoin into its memecoin launchpad. USD1 aims to compete with Circle's USDC, which accounts for over $9 billion of Solana's $14.12 billion stablecoin market.

Citi's tokenized cash platform is live in the U.S., U.K., Hong Kong, and Singapore, processing billions in client transactions for supply chain payments and capital markets settlements. Executives from Citi, DTCC, and Taurus speaking at Chainlink's SmartCon 2025 conference said blockchain infrastructure is operationally ready, but fragmented regulatory frameworks and lack of interoperability standards remain the primary barriers to scaled adoption.

Robinhood Markets reported cryptocurrency trading revenue of $268 million in the third quarter, a 339% increase from $61 million in the same period last year. The platform handled $80 billion in crypto transactions during the quarter. The revenue growth followed the company's acquisition of Bitstamp, which expanded its reach to institutional clients and more than 50 countries.

Tokyo-listed cryptocurrency treasury firm MetaPlanet raised $100 million using its Bitcoin holdings as collateral on November 6, 2025. The funds will support revenue-generating operations, share repurchases, and additional Bitcoin acquisitions. The company currently holds 30,823 BTC valued at approximately $3.51 billion, with the loan representing 3% of its total Bitcoin treasury.

Bitcoin has dropped below $100,000 as long-term holders sold approximately 400,000 BTC valued at $45 billion over the past month. The cryptocurrency declined 7.4% on Tuesday, extending total losses to over 20% from its recent peak. Unlike October's downturn driven by leverage liquidations, the current pressure stems from spot market selling by established investors.