Crypto Shares Slammed, BTC Heads Back to $100K Thursday Alongside Stock Market Selloff

On November 6, 2025, both traditional and crypto markets experienced significant selloffs, with Bitcoin falling by 3%, nearing the critical $100,000 mark. Crypto-related stocks were also heavily impacted, as Robinhood's shares dropped 8.5% following unexpected earnings despite increased crypto trading. Other major players like Coinbase and Gemini faced declines of 5.6% and 3%, respectively. The current market downturn has been attributed to a tightening of liquidity engineered by the Federal Reserve, alongside a broader economic slowdown. Fed Chairman Jerome Powell's recent hawkish stance compounded concerns surrounding upcoming economic reports, exacerbated by a prolonged government shutdown which has withheld crucial economic data. Additionally, bleak economic indicators emerged, including a two-decade high in job layoffs, casting a shadow over traditional and crypto markets alike.

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