During the period from November 3 to 9, 2025, the crypto sphere experienced significant changes in markets, regulation, and technological development. Below is a detailed analytical overview of the week's key events.
Market and Price Dynamics
Cryptocurrencies began November with a recovery after October proved challenging and volatile. Bitcoin (BTC) rose above $103,000, reaching approximately $106,000 by week's end, fueled by news of impending macroeconomic policy easing and reduced uncertainty following preliminary agreements to end the prolonged U.S. government shutdown. Ethereum (ETH) showed even stronger growth—up 7.4% to $3,643—demonstrating high investor interest in altcoins during anticipated broader market growth. Solana (SOL) also displayed positive momentum, maintaining a modest 1.85% increase.
The Bitcoin ETF market experienced active outflows of approximately $1.2 billion, reflecting large players' caution while indicating institutions aren't exiting completely but rather reducing risk. Analysts noted growing over-the-counter trading and improved liquidity as positive signals for future market resilience.
Regulation and Legislation
November continues intensive work by U.S. regulators implementing new digital asset rules. The Commodity Futures Trading Commission (CFTC) under Acting Chair Caroline Pham is moving toward launching pilot programs permitting spot cryptocurrency trading on U.S. clearing platforms. Tighter oversight of stablecoin-backed transactions is also planned, representing an important market structuring phase for derivatives. These measures aim to increase transparency and reduce operational risks.
In Canada, the government proposed regulating fiat-backed stablecoins, viewed positively by the crypto community and potentially setting an example for other jurisdictions. The Bank of Canada may assume control over such token issuance, indicating official desire to integrate cryptoassets into traditional finance.
Technological Updates and Projects
Notable news includes continued transaction privatization within the Zcash (ZEC) ecosystem. Under Project Tachyon management, shielded transaction metrics significantly improved, with Zashi wallet making them a default option, enhancing user privacy. Consequently, Zcash surpassed Monero in market capitalization among privacy-focused cryptocurrencies.
Key Ethereum projects, including the Ether.fi community, completed important governance votes, including a $50 million token buyback proposal aimed at stabilizing and strengthening investor confidence. Active development continues in DeFi and Web3 sectors with planned new product releases that could attract additional demand and liquidity in the near future.
Investments and Outlook
External political and economic factors, such as U.S. President Donald Trump's proposal for $2,000 "tariff dividends," accompanied moderate cryptocurrency rallies. Analysts note November could become a key month for confirming Bitcoin's upward trend, with potential breakout of the $115,000 psychological level and even reaching $120,000 near-term. Thinning BTC dominance may increase interest in altcoins, particularly SOL, ETH, and Chainlink (LINK).
Conclusion
Amid reduced macroeconomic uncertainty and regulatory progress, cryptocurrency markets show stabilization signs and a new growth phase onset. Enhanced transaction privacy, spot trading authorization preparations, and institutional governance votes demonstrate ecosystem maturity and complexity. However, close attention to regulatory initiatives and technical security remains necessary. Monitoring legislative developments and institutional investment trends is crucial for timely market response.