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Overnight, the US stock market experienced its worst trading day since April, with the retail-heavy stock index plunging 3.6% and the Nasdaq dropping more than 2%. Poor earnings from Palantir and bearish bets by Michael Burry triggered a sell-off, while increased volatility in the cryptocurrency market added to retail investor pressure. Market sentiment remains tense, and further declines may follow. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively improved by the Mars AI model.
In November 2025, the crypto market experienced a structural turning point. The U.S. government shutdown led to a contraction in liquidity, pulling about 20 billions USD out of the market and intensifying capital shortages in the venture capital sector. The macro environment remains pessimistic.
Institutional funds continue to buy despite volatility, targeting a price level of $200,000.
- 00:11Tether increases its holdings by 961 bitcoins, worth approximately $97.34 million.According to Jinse Finance, Onchain Lens monitoring shows that Tether has increased its holdings by 961 bitcoins, equivalent to approximately $97.34 million. Tether currently holds 87,290 bitcoins, with a total value of $8.84 billion.
- 2025/11/06 23:02Federal Reserve's Musalem: The economy is expected to recover next year after weakening in the fourth quarter.Jinse Finance reported that Federal Reserve's Musalem stated that the economy is expected to recover next year after weakening in the fourth quarter. The economy is expected to "perform well" next year. The recent job market has slowed down somewhat, but overall remains close to full employment.
- 2025/11/06 22:51The probability of Bitcoin reaching $1 million before the release of GTA6 has risen to 48%Jinse Finance reported that, according to the latest data from Polymarket, the probability of bitcoin reaching $1 million before the release of Grand Theft Auto 6 (GTA 6) has risen to 48%.