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

On November 6, 2025, traditional and cryptocurrency markets experienced significant selloff, with Bitcoin precariously holding above $100,000. Most cryptocurrencies faced declines of 2-6%, and major crypto-related stocks were impacted even more severely. Robinhood saw an 8.5% drop after a strong earnings report, and Coinbase and Gemini also took hits. As capital shifts toward digital assets, MicroStrategy's stock fell by 5.9% year-over-year. The Federal Reserve's unexpected hawkish turn added pressure to the markets, as Chairman Jerome Powell's remarks led to widespread concern about economic indicators amidst ongoing government shutdowns. This situation has created a perfect storm for investors, with job layoffs increasing and consumer sentiment declining, further intensified by recent warnings from companies like McDonald's about economic pressures.

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