Czech Central Bank Buys Bitcoin 🇨🇿, $100K Barrier Breaks On Sharp Dip 📉, Russia Calls BTC A Top Asset 🇷🇺

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Welcome to Issue #404 of Bitcoin Breakdown, where we’re bringing you your end-of-week Bitcoin Digest featuring all the need-to-know Quick Bits snippets and Quick Media.

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Now for today’s Top Stories:

• 🇨🇿 Czech National Bank Makes History with First Central Bank Bitcoin Purchase

• 💥 Bitcoin Dips Below $100K, Triggers Liquidation Bloodbath

• 🇷🇺 Russia's Central Bank Officially Recognizes Bitcoin as Top Performer

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TODAY’S TOP STORIES

🇨🇿 Czech National Bank Makes History with First Central Bank Bitcoin Purchase

The Czech National Bank made history by purchasing $1M worth of bitcoin, stablecoins, and tokenized deposits as part of an experimental portfolio to study digital assets. Governor Aleš Michl emphasized this isn't speculation but hands-on learning about blockchain technology's potential role in future reserve management. The test sits outside official reserves and aims to explore custody, security, and operational challenges of holding digital assets over the next two to three years. Bitcoin Magazine

💥 Bitcoin Dips Below $100K, Triggers Liquidation Bloodbath

Bitcoin dropped below the $100K psychological barrier on Thursday afternoon, sparking over $117M in long liquidations within just one hour. Overleveraged traders holding bullish positions got wrecked as automated sell-offs targeted accounts that couldn't meet margin requirements during the sharp decline. Despite the crash, analysts see Bitcoin holding remarkably well just 20% below all-time highs, with JPMorgan maintaining a bold $170K projection for the next 6 to 12 months. Bitcoin Magazine

🇷🇺 Russia's Central Bank Officially Recognizes Bitcoin as Top Performer

The Central Bank of Russia has officially acknowledged Bitcoin as one of the top-performing financial instruments, reporting returns of 29.4% over 12 months and 154.2% since 2022. The central bank now includes BTC in its periodic analyses alongside US Treasury bonds and the S&P 500. With 20 million Russians holding over $40B in digital assets, 1 in 10 citizens shows openness to buying Bitcoin or crypto. Atlas21

POLL #404

PREVIOUS POLL RESULTS

QUICK BITS

• James Check points out that 65% of all the USD invested in Bitcoin has a cost basis above $95k, making it ab important support level that shifts the balance in favour of bears.

• Taiwan's Premier Cho Jung-tai pledges a comprehensive Bitcoin audit and reserve assessment by year-end 2025 as lawmakers push diversification from US dollar-heavy foreign exchange reserves totaling $602.94B.

• US government opposes Roman Storm's acquittal motion, arguing that the Tornado Cash developer was rightfully convicted for unlicensed money transmission despite non-custodial service exemptions and First Amendment concerns.

• Amboss and Voltage partner to launch an enterprise payment stack enabling instant Bitcoin and stablecoin transactions while transforming payment processing costs into yield generation revenue streams.

• Hesperides University in Spain launches the world's first English-language Master in Bitcoin program in 2026, focusing exclusively on Bitcoin's technology, economics, and societal impact through fully online coursework.

• Bitfarms, one of North America's largest Bitcoin miners, announces gradual exit from mining over 2 years to pivot toward AI computing and high-performance infrastructure amid declining profits.

• Block's Cash App announces support for stablecoin transactions in a 'chain-agnostic' manner.

• OCEAN, the world's first fully transparent and permissionless Bitcoin mining pool, achieves SOC 2 Type 1 attestation, marking a significant milestone in enterprise-grade security for digital asset infrastructure.

• Bitdeer's bitcoin mining facility in Massillon, Ohio experiences a fire damaging two under-construction buildings with no injuries reported, as the Singapore-based company's shares tumble 30% following disappointing Q3 earnings.

• Brazil proposes selling seized bitcoin and crypto to dismantle organized crime financial networks through new anti-faction legislation requiring congressional approval by December.

• Bitcoin whale selling represents normal late-cycle profit-taking behavior, not panic dumping, as long-term holders distribute assets steadily rather than executing sudden exodus from Bitcoin markets, according to Glassnode.

• Bitcoin Depot, North America's largest Bitcoin ATM operator, expands to Hong Kong as part of its first Asian market entry, aiming to become a top-five operator in the region.

QUICK MEDIA

• Gilles Roth, Finance Minister of Luxembourg, speaking at Bitcoin Amsterdam, discusses his country's sovereign wealth fund investing in Bitcoin, committing to holding bitcoin long term and sticking to a Bitcoin-only strategy (Nov 13 | 2:37 min watch).

• Bitcoin Straight Up explains how Bitcoin remains unhacked despite 16 years of operation and massive financial incentives because its security comes from 4 layers of openness: open code, open access, open ledger, and open development, proving that transparency and verifiability provide better security than secrecy and trust (Nov 13 | 13:44 min watch). 

• Forrest Hodl of Bitcoin Not Crypto analyzes the proposed extension of US mortgages to 50 years, arguing it's designed to bail out baby boomers by making overpriced homes more affordable to younger buyers, while dramatically increasing total interest payments and perpetuating what he calls a real estate Ponzi scheme (Nov 12 | 17:48 min watch). 

• Adam Livingston argues that the US Congress has introduced the most pro-Bitcoin market structure bill in the country's history, which codifies Bitcoin as a digital commodity under CFTC oversight, protects self-custody rights, and clears regulatory barriers for institutional adoption and corporate treasury allocations (Nov 11 | 11:36 min watch). 

• Lyn Alden, in an appearance on Swan Signal Live, argues that massive quantitative easing won't occur soon but expects moderate Fed balance sheet expansion that could support Bitcoin's gradual upward trajectory (Nov 11 | 2:33 min watch). 

• Jack Mallers, CEO of Strike, argues that governments can only respond to economic challenges by printing money, making Bitcoin the best hedge against fiat currency debasement as monetary expansion drives BTC prices higher (Nov 13 | 1:09 min watch).

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