Jobs report in limbo, but Q4 could still be stellar for crypto

US President Donald Trump signed a bill that ended a record 43-day government shutdown, allowing federal operations to resume. This development is significant as it restores government functionality and may influence ongoing discussions in the cryptocurrency sector.

The recent US government shutdown has significantly impacted the cryptocurrency market, causing a decline of $408 billion. This downturn is characterized by intense selling pressure and increased investor fear, leading to Bitcoin and Ethereum losing crucial support levels and entering a corrective phase. The situation highlights the vulnerability of the crypto market to macroeconomic uncertainties.

Chainlink's LINK token dropped 4% to $16.25 as it faced selling pressure amid a broader decline in the cryptocurrency market. The anticipated positive impact of ETF news failed to materialize, highlighting ongoing challenges for the token.

XRP is targeting a price of $4 as the U.S. signals a policy shift, which could impact the cryptocurrency market. Meanwhile, IO DeFi is emerging as a leading platform, offering innovative AI-powered solutions for passive income, with daily returns reaching up to $3,000. This development is significant as it highlights the growing interest in decentralized finance and the potential for stable returns in a changing economic landscape.

A recent report from China's CVERC has unveiled details of a significant Bitcoin hack from December 2020, involving the theft of 127,271 BTC from the LuBian mining pool. This incident highlights a potential power struggle between China and the US over $15 billion in Bitcoin, as both nations accuse each other of involvement. The stolen Bitcoin remained untouched for four years, raising questions about the nature of the operation, with some analysts suggesting US government involvement.

On November 12, 2025, the cryptocurrency market experienced a significant surge, increasing by $65 billion within three hours, largely driven by Bitcoin, which alone gained over $30 billion. This surge underscores Bitcoin's crucial role in the dynamics of the crypto market, indicating a potential for sustained growth and heightened interest from institutional investors. Such developments are essential as they reflect the evolving landscape of cryptocurrency and its increasing acceptance in the financial sector.

China has accused the United States of stealing 127,426 Bitcoin, valued at approximately $13 billion, from a mining pool hack that occurred in 2020. This accusation highlights ongoing tensions between the two nations, particularly in the realm of cryptocurrency and cyber activities. The claim remains unverified, but it underscores the complexities of international relations in the digital currency space and raises questions about security and accountability in cryptocurrency transactions.