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 struggling to maintain its position above $100,000. This decline marks a continuation of a downward trend in cryptocurrency prices that began in July. Bitcoin fell by 3% over the previous 24 hours, while other cryptocurrencies like Ether, Solana, and Dogecoin saw declines ranging from 2% to 6%. Crypto-related stocks were not spared, with Robinhood down by 8.5% and Coinbase and Gemini also experiencing losses. Market analysts attribute this downturn to a combination of factors, including fears of an economic slowdown and the Federal Reserve's recent hawkish stance on interest rates. The ongoing government shutdown has led to uncertainty in the markets as economic data becomes scarce. The report of increased job layoffs and reduced consumer spending has fueled further concerns about economic health, contributing to the market's volatility in both digital and traditional sectors.

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