Bitcoin Tops $106K as Crypto Stocks Rally — But a CME Gap Clouds the Outlook
November 10, 2025 — Bitcoin (BTC) surged past $106,000 on Monday, reclaiming its 365-day moving average near $102,444, a key technical support level that has underpinned this cycle’s long-term trend. The move marks a strong start to the week, defying recent patterns — data from Velo show that Mondays have averaged negative returns over the past month.
Still, traders are eyeing a CME futures gap around $104,170, formed over the weekend. These gaps, when CME Bitcoin futures open higher or lower than Friday’s close, often tend to “fill,” suggesting possible short-term pullbacks before renewed strength.
Broader sentiment remains constructive as expectations grow that the U.S. government shutdown could be resolved in the coming days, lifting market confidence.
Crypto equities mirrored bitcoin’s rally in pre-market trading. Galaxy Digital (GLXY) climbed 5% to $33, IREN (IREN) advanced 7% to $66, and Cipher Mining (CIFR) rose 5% to $21.
Bitcoin treasury stocks also gained ground: MicroStrategy (MSTR) rose 3% pre-market to $248, while Japan’s Metaplanet (3350) ended Monday 3% higher at ¥427.
Outside of crypto, gold jumped 2% to $4,079, silver gained 3.3%, nearing $50, while the U.S. dollar index (DXY) hovered near 100. U.S. 10-year Treasury yields edged slightly above 4.1%, reflecting cautious optimism across markets.
