Why Is Bitcoin Dropping Today, What’s the Upcoming Major Development? (Crypto Weekly Summary)

Why is Bitcoin experiencing a drop today? Additionally, how can I benefit from the forthcoming US financial downturn that is expected when the AI bubble bursts? I currently have $73 in my bank account. I need assistance here.

We aren’t sure what…
Or when…
But something financial, positive or negative, is bound to happen…

This week’s crypto roundup notes that Bitcoin’s midweek surge fizzled as the leading crypto asset fell back to $100,000, nullifying the gains of the previous day and pulling the total digital currency crypto market cap down by 1.7% to $3.37 trillion, based on CoinGecko data.

Ethereum
ETH

$3,303.62


2.46%

ETH
ETH


Price

$3,303.62

2.46% /24h





Volume in 24h

$30.58B


Price 7d

Learn more

also followed suit, decreasing by 3.8% to around $3,330.

Employment at US small businesses is decreasing:

US small businesses lost -10,000 jobs in October, according to the ADP Employment Report.

This represents the 5th monthly decline in the past 6 months.

Consequently, the 3-month average of job losses dropped to -29,333, the highest since… pic.twitter.com/zSydMI2eUS

— The Kobeissi Letter (@KobeissiLetter) November 6, 2025

 

US stocks also slid over 1% across the Nasdaq, S&P 500, and Dow following fresh data revealing the most significant wave of corporate layoffs in twenty years. Amazon, Target, and UPS all announced significant cuts, igniting concerns that the labor market is finally cracking and the recession has arrived. Brace yourselves! Things may get rough.

Here’s what’s ahead for Bitcoin and if we’re on the verge of crashing into the Earth’s crust.

DISCOVER: Top 20 Cryptos to Invest in 2025

Fear Resurfaces in Crypto Markets, Is The BTC Price in Trouble?

Trading market apprehension is escalating across crypto… aside from Zcash! Visit our reports here. The Crypto Fear and Greed Index has decreased to 24, solidly in the “fear” area, while CoinGlass data indicates total open interest is down 3.45% to $140 billion, a decrease from over $300 billion a month ago.

This cooling sentiment reflects a broader “dead-cat bounce” phenomenon, as 99Bitcoins analysts caution that the Wednesday rally may have been short-lived. We could be on the brink of a recession, folks.

Despite the panic selling, exchange reserves are still declining, indicating that investors are transferring coins to cold storage instead of liquidating them. This’s a positive historical trend often observed prior to crypto market recoveries.

For the moment, Bitcoin’s crucial support appears to be between $99,000 and $101,000, where 99BTC analysts anticipate a new accumulation phase to commence.

DISCOVER: Next 1000X Crypto: 10+ Tokens That Could Achieve 1000x in 2025

What’s behind Bitcoin’s decline today? Final Insights for BTC

While analysts like Arthur Hayes, Tom Lee, and Raoul Pal keep advising, “stay calm, bro. The bull run isn’t finished,” there is a growing argument for an impending crash:

• The average PE ratio of the S&P500 stands at 30, indicating a 50% increase from 20 in 2022/2023. Most economies typically operate around PE ratios of 10-15.
• The political climate is unstable, Trump is unpredictable, and public exhaustion is palpable. An escalation in the trade war could occur.
• A significant number of companies are laying off employees, leading to rising unemployment figures.
• The US economic framework is functioning with minimal cash. Repo rates (SOFR) have surged to heights not recorded since 2019.

Much like in 2021, when the Federal Reserve described inflation as transitory, the Fed was slow to adjust its monetary policy in 2025. We’re on high alert at 99Bitcoins. Stay aware, we might both be in tough positions by 2026.

EXPLORE: Singapore Rejects Do Kwon’s $14M Refund Request For ‘Stolen’ Penthouse

Join The 99Bitcoins News Discord For The Latest Trading market Announcements

The post Why Is BTC Down Today, What’s The Next Big Thing? (Crypto Weekly Round-Up) first appeared on 99Bitcoins.