Crypto Equities Edge Higher Ahead of Open, Yet Caution Lingers

Bitcoin Surges Past $106K, but CME Gap Points to Near-Term Volatility

November 10, 2025 — Bitcoin (BTC) started the week strong, climbing above $106,000 and reclaiming its 365-day moving average, a key long-term technical indicator currently around $102,444. The move marks a positive shift after several weeks of weak Monday performances, according to Velo data, which show that Mondays have averaged negative returns over the past month.

However, traders are watching a small CME futures gap near $104,170, created during the weekend’s price action. Such gaps occur when Chicago Mercantile Exchange (CME) bitcoin futures reopen at a different level than where they closed on Friday — and history suggests these gaps often “fill” as the market retraces to those levels, potentially signaling short-term downside risk.

Even so, sentiment across crypto markets remains upbeat amid growing optimism that the U.S. government shutdown could be resolved this week, easing macro uncertainty and boosting risk appetite.

Crypto-related equities rallied in pre-market trading, led by AI-linked names. Galaxy Digital (GLXY) rose 5% to $33, IREN (IREN) advanced 7% to $66, and Cipher Mining (CIFR) gained 5% to $21.

Bitcoin treasury stocks also firmed, with MicroStrategy (MSTR) up 3% pre-market to $248, and Metaplanet (3350) closing Monday’s Tokyo session 3% higher at ¥427.

Outside of crypto, gold rose 2% to $4,079, silver neared the $50 level after a 3.3% jump, while the U.S. dollar index (DXY) hovered near 100. U.S. 10-year Treasury yields edged back above 4.1%.