Yeliz Akmaca 
The crypto market began the week cautiously, with total market capitalization holding at $3.42 trillion as investor sentiment weakens. The ongoing 43-day U.S. government shutdown continues to weigh on risk appetite, prompting traders to move toward safer assets. This environment has increased selling pressure across Bitcoin and major altcoins.
The historical impact of such shutdowns remains in investors’ minds. During a similar period in 2019, Bitcoin dropped by 16% before rallying nearly 300% within five months after the government reopened. This time, the decline has been more limited, yet uncertainty persists.
Bitcoin Price Holds Near $101K Support
Bitcoin is trading at $102,341, hovering above the key $101,477 support zone. However, bearish momentum remains as weak market conditions persist. Losing this critical level could trigger a drop toward $100,000. On the other hand, a successful rebound from support may lift BTC back toward $105,000, signaling renewed strength.
On November 12, 2025, spot Bitcoin ETFs recorded $278 million in net outflows, while Ethereum ETFs saw $93 million exit. These figures suggest institutional investors are remaining cautious, which may extend short-term downside pressure on crypto prices.
According to analysts, the crypto market could see short-term relief once Washington reopens. JLabs Digital analyst Ben Lilly noted that expectations for rate cuts and potential liquidity injections from the Treasury General Account (TGA) could “create a strong tailwind for digital assets.”
Altcoins Under Pressure
Altcoins are sending mixed signals as selling pressure builds. The total crypto market cap is hovering just below the $3.43 trillion resistance. If investor confidence strengthens, the market could rebound toward $3.49 trillion. However, as long as cautious sentiment dominates, selling pressure is likely to persist.
The ongoing U.S. government shutdown, interest rate expectations, and weak risk appetite are fueling market uncertainty. While Bitcoin attempts to hold above its key support, altcoins continue to struggle under bearish sentiment.
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