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The article analyzes the current transitional phase of the global economy from being fiscally driven to being led by the private sector. It points out that fiscal spending and Treasury quantitative easing have fueled asset bubbles in recent years, but now the liquidity cycle is peaking. Summary generated by Mars AI. This summary is generated by the Mars AI model, and the accuracy and completeness of its content are still in the process of iterative updates.

The price of bitcoin has shown characteristics of a key pivot level around $106,400, repeatedly acting as both support and resistance, influencing market trends and trading decisions. Summary generated by Mars AI. This summary is produced by the Mars AI model, and its accuracy and completeness are still in the process of iterative improvement.



Bitcoin fell to 107K after losing key support. Analysts warn that a drop below 107K could trigger a slide toward 100K or even lower.

As traditional financial institutions are actively promoting the large-scale adoption of blockchain technology, should the Web3 industry also reconsider its own development direction?
- 05:14US government "shutdown" enters its 35th day, tying the longest record in historyJinse Finance reported that as Eastern Time in the United States entered November 4, the US federal government "shutdown" reached its 35th day, tying the record for the longest "shutdown" in US history. Over the past 30 days, the Democratic and Republican parties have remained deadlocked, and none of the 13 votes in the Senate have passed the temporary funding bill proposed by the Republicans. It is reported that the Senate will hold the 14th round of voting today (November 4) local time. The US Congressional Budget Office recently stated that depending on the duration of the federal government "shutdown," it is expected that the annual growth rate of the US real GDP in the fourth quarter of this year will decrease by one to two percentage points. This means that if the "shutdown" lasts for 4 weeks, the US economy will lose $700 million; if it lasts for 6 weeks, the loss will rise to $1.1 billion; and if it lasts for 8 weeks, the loss will reach as high as $1.4 billion. (Golden Ten Data)
 - 05:08A certain whale withdrew 800.19 BTC from CEX after one year of dormancyAccording to Jinse Finance, Onchain Lens monitoring shows that a certain whale, after being dormant for one year, withdrew 800.19 BTC worth $85.51 million from an exchange.
 - 05:08DCR briefly touched $55, with a 6-hour increase of over 100%Jinse Finance reported that according to market data, DCR briefly touched $55 and is now quoted at $49.57, with a 6-hour increase of over 100%. The market is highly volatile, so please manage your risks accordingly.
 
![[Bitpush Daily News Selection] Strategy increased its holdings by 397 BTC last week at an average price of $114,771; Balancer: This attack incident is limited to V2 composable stable pools and does not affect Balancer V3 or other types of pools; Tom Lee maintains his year-end prediction of BTC at $150,000-$200,000 and ETH at $7,000.](https://img.bgstatic.com/multiLang/image/social/aef8e7e2022be701d105d71d48e1556d1762201081555.png)