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

On November 6, 2025, both traditional and cryptocurrency markets faced significant sell-offs, as Bitcoin hovered just above $100,000, facing pressure amidst a broader economic downturn. Crypto-related stocks suffered heavily, with notable declines; Robinhood fell 8.5% despite a strong earnings report. Major exchanges like Coinbase and Gemini also reported losses, alongside prominent mining stocks that had transitioned to AI service providers. This market drop follows the Federal Reserve's unexpectedly hawkish stance, which reignited concerns about economic strength amid ongoing government shutdowns and rising layoffs reported by Challenger. As capital flight continued to impact digital asset treasury sectors, Michael Saylor's Strategy saw a notable decline in stocks. The cryptocurrency market's recent recovery from correlation with stocks shifted back, with cryptocurrencies trending downward while the stock market dipped, reflecting investor uncertainty and market volatility.

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