Market Overview

The global equity markets displayed a mixed performance on 12 November 2025 as investors awaited confirmation that the U.S. government shutdown would officially end. While the Dow Jones Industrial Average surged more than 550 points to a new record, the Nasdaq Composite slipped quietly, and the S&P 500 finished on a modest third‑straight positive day. Futures for the major indices reflected the lack of conviction: Dow Jones futures rose only 3 points (0.01 %), and both the S&P 500 and Nasdaq 100 futures moved less than 0.1 %.

Against this backdrop, the cryptocurrency scene remained largely unchanged, with the only significant movement noted in the price of Dogecoin, which fell 5.5 % from $0.1831 to $0.1730 as bearish momentum accelerated across European trading hours.

Key Developments

1. BYD’s Payment System Shift

On 14 November 2025, BYD announced it would discontinue its internal payment notes—issued through its own platform, Dilian—to settle with suppliers. The decision comes amid intense price‑wars in the Chinese automotive sector, which have pressured component makers with prolonged payment delays. BYD will now settle with suppliers through cash or commercial paper, a move that could improve cash flow dynamics but also reduce the leverage it previously enjoyed over its supply chain.

2. Dogecoin’s Technical Test

Dogecoin’s decline on 13 November 2025 tested the weekly exponential moving average (EMA) support level at $0.1720. Heavy selling pressure, particularly around the $0.1789 resistance, pushed the price down 5.5 %. The trade volume spiked to 500.6 million tokens—77 % above the 24‑hour average—highlighting the liquidity impact of the rally’s reversal. While the move confirmed a textbook lower‑high, lower‑low formation, the price stabilized near $0.1719 before the session closed.

GMT’s Position in the Market

  • Close Price (13 Nov 2025): $0.0215646
  • 52‑Week High (3 Dec 2024): $0.263387
  • 52‑Week Low (9 Oct 2025): $0.0131827
  • Market Capitalisation: $70,025,437.46

GMT’s price has hovered close to the 52‑week low, indicating a prolonged bearish trend. The token’s market cap, while modest compared to major stablecoins, reflects a stable yet limited investor base. Recent macro‑economic uncertainty—particularly the U.S. shutdown and volatility in automotive supply chains—has not yet translated into a decisive price action for GMT, but the broader risk‑off environment may continue to weigh on its valuation.

Outlook

The continuation of a mixed‑market day signals caution among investors, which could dampen momentum in both equities and crypto assets. BYD’s shift away from internal payment notes may modestly affect the liquidity of related tokens, while Dogecoin’s test of the weekly EMA suggests that sentiment for memecoins remains fragile. GMT, already near its lowest point in nearly a year, will likely need a clear catalyst—such as a technological upgrade or a favorable regulatory announcement—to break out of its current range.