Bitcoin (BTC) hovered around $92,600 on Wednesday after dipping below $90,000 earlier in the week, extending a 2% decline from Monday and closing below the 61.8% Fibonacci retracement at $94,253 (drawn from April 7 low of $74,508 to October 6 all-time high of $126,299). Tuesday saw BTC hit $89,253 before rebounding to $92,960 from the $90,000 psychological support. The daily RSI at 30 nears oversold territory, signaling slowing bearish momentum and potential recovery to $94,253 if $90,000 holds; a close below could target $85,000 support.

Ethereum (ETH) steadied at $3,118 on Wednesday, defending $3,017 support after a 14% drop from $3,592 rejection, with Tuesday's low at $2,946. RSI rebounding from oversold suggests recovery to $3,592 if support holds, or decline to $2,749 otherwise. XRP stabilized at $2.21 after a 6-7% correction from $2.47's 50-day EMA, with RSI at 41 indicating fading bears; upside to $2.47 or down to $1.96.

Market notes include Solana (SOL) up 2% to $130 above $126 support; Cardano (ADA) at $0.45; Cboe's planned Bitcoin and Ethereum 10-year Continuous Futures; and BitMine Immersion Technologies' purchase of 54,156 ETH, boosting holdings to 3.56 million. BTC structure deteriorated below $97,000 on Friday, with 7% weekly losses amid capitulation. (198 words)

### Government Shutdown and Republican Response

A government shutdown is crippling the U.S. economy for a month, forcing Republicans to implement stimulus measures. Donald Trump is guaranteeing a $2,000 tariff dividend to all Americans, excluding high-income earners, as a key policy response.

### Scott Besson's Media Appearance

Scott Besson appeared on TV for damage control regarding these initiatives. The proposals include no tax on tips, no tax on overtime, no tax on Social Security benefits, and deductibility of auto loans. These substantial tax deductions are being financed through the tax system to mitigate economic fallout.

(Note: The provided content does not discuss Bitcoin or its market; it focuses on U.S. political and economic policies. Summary limited to 120 words.)

The text discusses the minimal financial difference between a 30-year and 50-year mortgage, noting payments vary by only a few hundred dollars monthly. However, it warns that printing stimulus money fuels inflation, eroding any perceived gains—like $400 in equity—faster than rising living costs.

Homes represent the primary leverage opportunity for average people, unlike hedge funds or Wall Street, offering 30x leverage traditionally and now up to 50x. This increased borrowing power allows buyers to afford larger homes, driving up property prices and making housing more unaffordable overall. Wages, such as an additional $100,000, won't keep pace with these escalating costs.

The beneficiaries are existing homeowners, those with 60% of their portfolios in real estate, and major institutional owners like BlackRock and Blackstone, who control the most single-family homes in America. (148 words)

Bitcoin's price plunged from $126K to $89K, with its market dominance falling below 60%, intensifying market pressure. Veteran trader Michael van de Poppe views this as a bullish signal, noting Bitcoin dominance mirrors the 2019 pattern just before altcoins rallied. His 1-week chart shows dominance rejected at a key resistance and the 20-week moving average, similar to prior cycles.

Van de Poppe explains such rejections typically occur near market bottoms, not tops, paving the way for altcoins to outperform Bitcoin. Historical parallels include 2016–2017, 2019–2020, and 2021, where dominance declined and altcoins surged. The current setup suggests an impending shift favoring altcoins.

Crypto analyst Matthew Hyland echoes this, highlighting weakening dominance as a precursor to a strong altcoin season after a nearly four-year bear market. He argues mid- and low-cap altcoins are poised to lead. Meanwhile, Bitcoin's social activity hit a four-month high amid the drop, signaling retail panic near potential turning points.

(Disclaimer: This reflects opinions only, not investment advice.) Story Highlights — Matthew Hyland (@MatthewHyland_) November 18, 2025.

(148 words)