Rep. Warren Davidson introduced the Bitcoin for America Act on November 20, allowing taxpayers to pay federal taxes in Bitcoin. All incoming coins would flow into the Strategic Bitcoin Reserve established by executive order. Bitcoin Policy Institute modeling shows 1% of federal taxes paid in BTC over 20 years could generate up to $14 trillion in cumulative value for the United States.

Bitcoin dropped below $85,000 on March 25, 2025, driving the Fear and Greed Index under 10 and triggering widespread concern. Analysts note that institutional holdings and strategic buying by long-term investors may limit further declines. On-chain data shows a redistribution from short-term sellers to conviction-driven holders during the downturn.

The Department of Homeland Security has launched Operation Red Sunset to investigate whether Bitmain's bitcoin mining equipment could enable espionage or sabotage of the U.S. power grid. The probe examined chips and firmware in detained devices at U.S. ports, according to Bloomberg. Bitmain denied the allegations and stated it has no knowledge of the investigation.

Bitcoin dropped to approximately $81,915, declining 15% over the past week and 12% in 24 hours. Tokyo-based Metaplanet has filed to raise $150M through preferred share issuance, with proceeds designated for Bitcoin accumulation and expanding its BTC-based income operations.

BlackRock has offloaded approximately 10,000 Bitcoin this week, representing roughly $900 million in value. On November 20, the asset manager sold around 4,140 BTC valued at approximately $356 million, data show. The persistent outflows have coincided with a sharp market correction, with Bitcoin dropping to nearly $80,000 on Friday before recovering to $82,220.

Bitcoin could decline further into a $73,000–$84,000 support zone before establishing a cycle bottom, according to André Dragosch, European head of research at Bitwise. The upper boundary of $84,000 matches the average cost basis of BlackRock's IBIT ETF, while the lower threshold of $73,000 represents Strategy's most recent Bitcoin acquisition price. Dragosch characterized these levels as potential fire sale territory that could mark a full market reset.

Bitcoin dropped below $85,000, triggering over $2 billion in derivatives liquidations across major exchanges within 24 hours. The cryptocurrency reached an overnight low of $81,600. Long positions accounted for approximately $1.86 billion of the liquidations, while short positions represented around $140 million, data show.

Strategy Inc. may be excluded from major equity indices under a proposed MSCI rule targeting firms with over 50% digital asset holdings. JPMorgan estimates the change could trigger approximately $2.8 billion in forced selling from MSCI-tracking funds, with total passive exposure near $9 billion. The company claims its Bitcoin treasury can fund preferred dividends for 71 years at current prices.