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

On November 6, 2025, both traditional and crypto markets experienced significant sell-offs. Bitcoin remained just above $100,000, but other cryptocurrencies suffered losses, with drops of 2% to 6% in values for Ether, Solana, and Dogecoin. Crypto-related companies faced sharper declines, with Robinhood down 8.5% after reporting strong earnings driven by crypto trading. Coinbase and Gemini also saw significant losses. The market turmoil was attributed to a combination of factors including concerns over a potential economic slowdown and the Federal Reserve's unexpected hawkish stance on inflation and interest rates. This financial landscape coincided with job layoff reports and other weak economic indicators, leading to further selling pressure.

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