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Bitcoin Sinks Below $100K as Risk-Off Mood Hits Markets

Bitcoin’s $100K Slip Tests Investor Nerves in Volatile Week November 5, 2025
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Changes in the Market are on display Bitcoin’s sharp retreat reflects a broader investor pullback from risk.

Good Morning,

Markets are wobbling after Bitcoin slipped below $100K for the first time since summer, sparking fresh debate about how much risk investors are willing to stomach. We break down what’s driving the crypto pullback, how it connects to broader market jitters, and why “risk-off” may be the theme to watch as tech valuations stretch higher. If you’ve got exposure to growth or digital assets, this one’s worth your coffee.

Sequoia Capital undergoes a leadership transition as Roelof Botha steps down in favor of Alfred Lin and Pat Grady, U.S. job openings fall to a 4.5-year low signaling labor market softening, and Animoca Brands plans a 2026 Nasdaq debut to cement its role in the evolving digital asset sector.

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Here are your Morning Bullets.

– Truly yours, Fred Frost


📉 Yesterday's Market Recap

Markets stumbled yesterday as risk-off sentiment gripped investors. A cryptocurrency correction led by Bitcoin's 5% plunge dragged down altcoins like Ethereum Classic, while Norwegian Cruise Line tanked 15% on weak guidance despite solid Q3 numbers. Growth stocks weren't immune either, with broader indices reflecting the unease.


  • Crypto Sell-Off Hits Hard: Bitcoin dropped over 5% to $101,000, triggering $1 billion in liquidations and pulling Ethereum Classic down 7.4%. → Benzinga

  • Housing Market Woes Persist: Treasury Secretary Bessent called the housing sector a recession zone, blaming Fed rate policies for affordability issues. → Fox Business

  • Norwegian Cruise Line Sinks: NCLH stock fell 15% after Q4 EPS guidance of 27 cents missed the 30-cent estimate, citing cost uncertainties. → Benzinga


📉 Daily Performance Snapshot

Index/Asset Closing Value Change
S&P 500 6,771.55 -1.17%
Nasdaq 23,348.64 -2.04%
Dow Jones 47,085.24 -0.53%
Gold $3941.30 -1.81%
Crude Oil $60.43 -1.02%
Bitcoin $101,137 -4.91%
10-yr Treasury Yield 4.089% -0.41%

🔭 What to Watch Today

Today’s calendar brings critical events that could sway markets, from Supreme Court arguments to earnings reports. Keep your eyes peeled for these potential catalysts.

  • Supreme Court on Trump Tariffs (10 AM ET): Arguments begin over Trump’s emergency tariff powers, with trillion-dollar global trade implications. → ABC News
  • Earnings: Qualcomm, Robinhood, DoorDash: Key tech and gig economy players report, offering clues on consumer and AI spending trends. → Stocktwits
  • U.S. election recap: What could GOP policies mean for investors? → JP Morgan

  • 💡 Opportunity Watch

    Amid the market noise, a few sectors and stocks stand out with potential upside tied to structural shifts. Let’s spotlight some plays worth tracking.

    • Grab Holdings (GRAB): Autonomous robobuses launching in Singapore by 2026 could position Grab as an AV leader. → Benzinga
    • Drone Sector Growth: AIRO Group’s IPO success hints at big potential in defense and commercial drone applications. → Global Finance Magazine

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    🔥 The Big Bullet

    Bitcoin Dips Below $100K as Risk-Off Mood Deepens

    What happened: Bitcoin fell below $100,000 for the first time since June, extending a sell-off that began earlier in the month. The drop came as investors pulled money out of cryptocurrencies and other riskier assets. Concerns about the durability of the “AI trade,” inflation, and tighter global liquidity drove traders toward safer positions. Other digital coins also fell, with Ethereum Classic among the hardest hit. Analysts say the move reflects a broader “risk-off” shift rather than coin-specific issues. The overall crypto market capitalization declined sharply during the session. Bitcoin’s slide adds to losses that have erased much of its summer rally. It marked the weakest day for the token since late August.


    Why it matters: The fall underscores how tightly crypto prices are now linked to broader market sentiment. When investors retreat from speculative assets, cryptocurrencies often lead the decline. The sell-off coincides with weakness in tech stocks and renewed uncertainty about central bank policy. Market participants are increasingly skeptical of how sustainable high valuations in growth sectors are. A broad market pullback in the S&P 500 and Nasdaq reinforced that trend, suggesting investors are reducing exposure across multiple asset classes. Bitcoin’s large market cap and global reach mean its moves can influence investor confidence beyond crypto. Retail traders, in particular, are feeling renewed caution after months of optimism. The episode highlights how macro conditions still dominate the digital-asset space.

    What’s next: Investors are watching for signs that selling pressure could stabilize around key support levels. The next major test will come if Bitcoin breaks significantly below the $95,000 mark, which could trigger further technical selling. Meanwhile, attention will turn to whether this correction spreads into other markets. Traders will monitor upcoming inflation data and central bank statements for hints on future rate paths. A renewed rally in equities could help crypto prices recover, but sustained weakness would likely keep pressure on risk assets. Analysts say liquidity conditions and trading volumes will be key to gauging sentiment. Long-term holders may view this as a buying opportunity, but short-term traders remain cautious. The outcome will depend heavily on how quickly markets regain confidence in the growth story driving speculative trades.


    Reader Feedback

    Yesterday, I asked you: Netflix just announced a 10-for-1 stock split. What’s your first reaction? The majority of you at 51% said "Smart move — more people can buy in"

    Philip from Florida replied "Netflix knows what they're doing. That stock can only go one way."

    Here's what I'm asking you today:

    Bitcoin’s drop below $100K has investors talking. What do you think is really behind the fall?

    Login or Subscribe to participate

    As always if your opinion is not here, or you want to throw your two cents at me, reply to the E-mail, and let me know your exact thoughts.


    🧭 Policy & Market Ripples

    • Sequoia Leadership Shift: Roelof Botha steps aside as steward, passing the role to Alfred Lin and Pat Grady amid internal policy challenges. → Fortune
    • Job Openings Hit 4.5-Year Low: Indeed’s index shows a drop to 101.9, signaling a cooling labor market as the Fed prioritizes employment risks. → CNBC
    • Animoca Brands Eyes Nasdaq: The blockchain firm plans a 2026 listing via reverse merger, aiming to be a digital assets conglomerate despite altcoin struggles. → Fortune Crypto

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    📜 This Day in History – November 5

    November 5 tends to favor builders over poets — from inventions and infrastructure to new ways of seeing and selling, it’s a day where innovation quietly rewired the world’s circuits of commerce and communication.

    Samuel Morse demonstrating the telegraph

    1838 – Samuel Morse publicly demonstrated his telegraph system, launching a communication revolution that would knit markets and news together at the speed of signal.

    1895 – George B. Selden was granted the first U.S. patent for an automobile, paving the legal and commercial groundwork for the century’s most transformative industry.

    1969 – San Francisco’s Exploratorium opened its doors, redefining the museum from archive to interactive laboratory — a model later adopted by science centers worldwide.

    1969 – ARPANET, the forerunner to the internet, successfully linked its first four nodes, proving that digital networks could scale — and eventually globalize — information exchange.

    Today's Trivia

    What typically happens to bond prices when interest rates rise?

    Login or Subscribe to participate

    Yesterday, 82.93% of you chose the right answer to the trivia question: A sustained decline in economic activity, often marked by lower GDP, employment, and spending


    Debt gives you the ability to look like you’re winning when you’re not.
    – Dave Ramsey
    Thanks for Reading.

    Stay Sharp. Stay Focused.
    Fredrick Frost
    Editor, MorningBullets

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