After a rare spot of outperformance on Tuesday, bitcoin has resumed sliding, with one analyst eyeing $84,000–$86,000 as potential local bottom.

[Federal Reserve Chair Candidate Hassett Says Tariff Rebate Checks Could Be Considered] White House National Economic Council Director Hassett stated that Congress may have room next year to consider drafting tariff rebate checks. He mentioned that the tariff rebate payment proposal advocated by Trump could be included in the 2026 reconciliation bill and believes that considering tariff rebate checks is possible if tariff revenues increase without triggering stagflation. Additionally, Hassett pointed out that the surge in prices in recent years has led to a decline in real income, and consumer price pressures may not have fully eased, affecting affordability.

The move comes amid new regulations from Brazil's central bank, requiring crypto firms to be licensed and report international transactions.

The Governor of the Czech Central Bank has confirmed that the Czech Central Bank has no plans to sell its holdings of Bitcoin for at least the next three years, making it the first central bank to purchase Bitcoin. （The Bitcoin Historian）

[Fed Meeting Minutes May Reveal Intensifying Policy Divisions] Institutional analysis suggests that the minutes of the Federal Reserve's October policy meeting may reveal growing disagreements among policymakers. During the meeting, decision-makers faced challenges from the lack of official data and conflicting market signals, coinciding with the leadership transition in the final months of Chair Powell's term. Last month's meeting resulted in a 10-2 vote to cut interest rates by 25 basis points, with Powell acknowledging the presence of 'serious divergent views.' Due to the U.S. government shutdown causing interruptions in official data, officials relied on alternative information for assessments, with some members recommending a pause for one cycle to observe. Although economic data has gradually resumed publication, the timeline for the release of complete data remains unclear.