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

On November 6, 2025, both traditional and crypto markets faced sharp sell-offs, with Bitcoin barely holding above $100,000. This decline follows a steep drop in market value that began in July. The Nasdaq index dropped by 2%, while the S&P 500 fell by 1.2%. Bitcoin saw a 3% drop in the last 24 hours, and many altcoins like Ether and Solana decreased by 2% to 6%. Crypto-related equities were hit harder, with Robinhood's stock down 8.5% despite a strong earnings report driven by crypto trading. Other exchanges like Coinbase and Gemini also experienced losses. The sell-off is attributed to a combination of factors, including potential inflation concerns due to Federal Reserve actions and ongoing federal government shutdown effects, which are restricting economic flow. Layoffs in various sectors further indicate potential weaknesses in the economy. Notably, a surge in Bitcoin mining stocks earlier this year has not shielded them from the broader market declines, reflecting a significant pivot in market sentiment.

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