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BTC Daily Briefing: November 12, 2026 News and Dynamics

2026-11-12 05:03 · 7 sources

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Over the past 24 hours, the dynamics of the crypto market around Bitcoin (BTC) have been complex and volatile. Bitget suffered a hack, with nearly 6 days of 1,052 BTC being transferred, much of which entered into mixing transactions. Analyst Jiang Zhuoruo believes that the current market is still in a bull phase and predicts that the lowest point of this bear market may be at $57,758 in July. Zcash's price fell below $1,000 despite Grayscale's $1 million pledge, which failed to prevent its decline. Market analysis indicates that the联动 of Bitcoin, the Nasdaq index, AI stocks, and chip stocks is closely related to liquidity mechanisms. Additionally, multiple institutions and analysts have made predictions and analyses about market trends, but overall, the market remains uncertain.

BTC Market Updates on November 12, 2026

According to Arkham's monitoring, from November 6 to 11, Bitget hackers' associated addresses transferred a total of 1,052.34 BTC, valued at approximately $78.61 million. Of this, 847.26 BTC (approximately $63.43 million) entered 66 CoinJoin mixing transactions, including 579.80 BTC transferred directly and 267.46 BTC transferred through new addresses. The remaining 205.08 BTC (approximately $15.18 million) had not yet entered.

Odaily星球日报 reported that Jiang Zhuoruo, founder of LabeBit Mining Pool, stated that the current bull market is still ongoing, with various on-chain and long-term indicators showing that the bear market has ended. He believes that the bottom of this bear market was formed when Bitcoin fell to $57,758 in July. Jiang Zhuoruo noted that the market now needs to focus on whether this round of correction will bottom out at the 50% Fibonacci retracement level of $72,500 or further decline to the 61.8% retracement level of $69,000 to $70,000. In trading, Jiang Zhuoruo revealed that he bought at $76,600 after the theft incident on Binance.

Zcash fell nearly 15% on Wednesday, slipping below the $1,000 mark for the first time since early September and hitting a two-month low near $963. The sharp decline occurred just one day after Grayscale.

Bitcoin can fall alongside Nvidia, and Nasdaq can rally while Ethereum follows. Semiconductor stocks can plunge as investors reassess AI spending, dragging crypto sentiment down with them. These markets

1. The TLB hacker address spent 3.4 million DAI to buy 1,650 ETH in the past hour; 2. CoreWeave: There is no reason for the relationship with NVIDIA to change; 3. Inflation has exceeded expectations three times in a row, and Goldman Sachs has raised its expectations for the Federal Reserve's rate hikes; 4. Ripple's former CTO: Has sold most of his crypto assets, with BTC holdings reduced to 1; 5. The Ethereum Foundation's associated address sold another 1,000 ETH, valued at approximately $2.03 million; 6. Mercado Bitcoin

Bitcoin Magazine reported that LNbits, the open-source Lightning Network wallet and accounts platform, released version 1.7.0 on November 8 after attacks drained funds.

Despite a historic stock market crash last week, the S&P 500 has largely recovered, and it's now just 2.5% away from a new all-time high. Throughout 2026, Bitcoin has moved along with

Bitcoin's cycle bottom is likely already in or very close, as a Mark Zuckerberg Meta AI Bitcoin bottom prediction highlights a final low expected in the $60,000–$68,000 zone by late December 2026 or early 2027.

Public companies are selling Bitcoin at a rate seen only three times before. Each previous episode was followed by a major BTC rally. However, investors who bought immediately faced further losses before the rally.

Germany's largest lender has taken a major step into digital assets. On Wednesday, Deutsche Bank launched its long-awaited crypto custody service for institutional and corporate clients across Europe,

Odaily星球日报 reported that QCP Capital released a macro market analysis report, indicating that Trump has suspended a new military strike on Iran but will continue to maintain sanctions. After meeting with the Emir of Qatar on November 9, Trump stated that military action would be temporarily suspended, but there is still a significant difference in stance between the two parties, and no agreement has been reached. The Brent crude settlement price was $92.57 per barrel, down 5.85% on the day, and further declined, falling about 18% from the level on October 30. In terms of global monetary policy, the Reserve Bank of Australia voted 6 to 3

Wall Street faces two major tests of institutional appetite as the Strategy MSCI decision approaches. The index provider will publish its November review results shortly after 11:00 PM CET today. Strategy

The crypto market is showing another worrying sign for altcoin investors. Ethereum and Solana prices are struggling to recover as Bitcoin dominance climbs toward 61%. Ethereum trades at the $2,050 level

Since the start of Q4, the crypto market has continued to weaken amid volatility. Major asset prices have pulled back from their highs, and market participants have become more cautious. As the market

Ripple's former Chief Technology Officer David Schwartz has revealed that he significantly reduced his XRP and Bitcoin holdings

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