Crypto News Catchup: Bitcoin’s Global Ascent, Record Highs, ETFs, and Strategic Reserve Momentum 

Bitcoin continues to dominate headlines with record-breaking developments. Spot Bitcoin ETFs saw $1.7 billion in inflows during the week of November 11–15, pushing total assets to $95.4 billion as Bitcoin hit a new high of $93,420.93. However, technical analysis suggests potential short-term retracement amid sustained bullish trends. Globally, interest in Bitcoin as a strategic asset is growing. Polish presidential candidate Sławomir Mentzen and US Senator Cynthia Lummis advocate for national Bitcoin reserves, reflecting broader adoption efforts. These moves underscore Bitcoin’s increasing role in economic and financial strategies amid a global race to secure its value.

Spot Bitcoin ETFs recorded $1.7 billion in inflows during the week of November 11–15, marking the sixth consecutive week of positive momentum. These consistent inflows have pushed total assets under management to $95.4 billion, representing 5.27% of Bitcoin’s $1.8 trillion market capitalization. The surge coincides with Bitcoin reaching a new all-time high of $92,400, reflecting strong investor confidence. Additionally, Ether ETFs have experienced growth, with $515 million in weekly inflows, highlighting broader interest in crypto exchange-traded products.

Robert F. Kennedy Jr., former presidential candidate and current Cabinet nominee, reaffirmed his strong commitment to Bitcoin, revealing that he has invested most of his wealth in the cryptocurrency. Describing Bitcoin as the “currency of freedom,” Kennedy advocates its potential as a hedge against inflation and a stabilizer for the US dollar. His long-standing support for Bitcoin includes proposals to establish a Bitcoin strategic reserve and integrate blockchain for government transparency.

Bitcoin reached an all-time high of $93,420.93 on November 13, but bullish momentum appears to be waning, suggesting the possibility of a near-term retracement. The broader uptrend remains intact, supported by prices holding above the 20- and 50-period Exponential Moving Averages, both of which are ascending. Additionally, the Momentum oscillator remains above the critical 100 level, reinforcing the overall bullish structure. However, caution is warranted as the Relative Strength Index (RSI) climbed in the overbought territory, and a negative divergence between price and RSI signals a potential pause or corrective phase ahead.
If market conditions remain favorable, Bitcoin’s next price targets are $95,728.67, $97,144.04, and $103,773.50. Conversely, if bearish trends emerge, the following support levels are anticipated: $86,791.47, $85,105.80, and $80,162.01.

Polish presidential candidate Sławomir Mentzen pledged to establish a strategic Bitcoin reserve if elected in 2025, signaling his support for a more crypto-friendly Poland. Responding to proposals from crypto advocates, Mentzen confirmed his commitment to integrating Bitcoin into the nation’s financial strategy. This aligns with global trends, as countries like El Salvador and Bhutan have embraced Bitcoin, and figures like Donald Trump have made similar promises. Mentzen’s stance has resonated with libertarian and right-wing voters ahead of the May 2025 election.

A global competition to secure Bitcoin is intensifying as nations respond to currency devaluation and economic uncertainty. Governments, including the US, are being urged to prioritize Bitcoin as a strategic reserve asset to maintain economic competitiveness. Initiatives like the proposed state-level Bitcoin reserves highlight the increasing recognition of Bitcoin’s role in financial strategies.

Senator Cynthia Lummis has proposed that the US Treasury convert part of its 8,000 tons of gold reserves into Bitcoin to establish a strategic Bitcoin reserve. She argues that this move would be balance sheet-neutral and help combat rising inflation and national debt. The proposed reserve aims to hold 1 million BTC, or 5% of Bitcoin’s total supply, for 20 years. While the plan has sparked debate, proponents highlight the global race among governments to accumulate Bitcoin as a strategic asset.

In conclusion, Bitcoin continues to capture global attention with its growing influence in financial markets and policy discussions. From record-breaking price movements to increasing adoption of Bitcoin exchange-traded funds (ETFs), the cryptocurrency is solidifying its role as both an investment asset and a strategic reserve tool. Amid surging inflows into Bitcoin ETFs, high-profile advocates and policymakers are championing its integration into national strategies. This evolving landscape underscores Bitcoin’s pivotal position in shaping economic frameworks and investor sentiment worldwide.