Crypto Morning News: Bitcoin Slips to 103K as Dow Hits Record High on Shutdown End Hopes

Key Takeaways

Wall Street advanced as optimism over a deal to end the U.S. government shutdown sent the Dow to a record close.
Lawmakers prepared for a key vote in the House expected to reopen agencies and restore delayed data releases.
The dollar weakened after U.S. job data showed private employers cutting jobs, while UK figures boosted BoE cut expectations.
Bitcoin hovered near $103K and gold firmed above $4,100 as traders positioned ahead of fresh U.S. economic reports.

Crypto Morning News: Geopolitics & Market Sentiment

On November 12, 2025, markets recorded a mixed performance as optimism over a bill to end the U.S. government shutdown lifted the Dow Jones to a record high, while weakness in major technology shares weighed on the Nasdaq.

At the same time, expectations of government workers returning to their posts and the release of delayed economic data eased concerns over a prolonged disruption, restoring some confidence even amid light holiday trading.

On the diplomatic front, Washington’s focus turned inward as lawmakers returned to Capitol Hill for a Wednesday vote expected to end the 42-day shutdown.

President Donald Trump signaled support for the deal, which would allow federal agencies to resume operations and bring government employees back to work.

The agreement, which extends funding until January 30, provides short-term relief for federal operations but leaves another potential fiscal standoff early next year.

Flights and administrative services remain affected for now, though the reopening is expected to gradually restore normal activity across government departments.

On the economic front, new private payroll data pointed to further signs of strain in the U.S. job market.

ADP reported that private employers cut an average of 11,000 jobs a week through late October, reflecting the slow hiring momentum seen over recent months.

The dollar slipped after the data, while investors raised their expectations of another Federal Reserve rate cut in December.

In Europe, the United Kingdom’s unemployment rate rose to 5.0% while wage growth eased, prompting a broad rally in government bonds and increasing the likelihood of a Bank of England rate cut next month.

Meanwhile, French central bank officials said they expect only modest economic growth in the fourth quarter as political uncertainty and budget tensions continue to weigh on business sentiment.

In equities, the broader market advance was limited by renewed selling in major technology names, while Nvidia fell nearly 3% after Japan’s SoftBank confirmed it had sold $5.8 billion worth of shares, citing portfolio adjustments.

Oil prices eased slightly as traders assessed U.S. production trends and global demand expectations, while gold extended modest gains supported by a weaker dollar and continued safe-haven interest.

In Crypto, Bitcoin traded around $103,000 with limited movement on the day. Ethereum rose slightly above $3,400 while Solana held steady near $155.

Market activity remained muted as traders awaited the release of delayed U.S. economic data later this week, which could provide clearer direction for risk assets.