Crypto Market Downtrend: Bitcoin Breaks Below $10,100, US Stock Crypto-related Companies Significantly Affected

BlockBeats News, November 7th, according to market data, the crypto market suffered another heavy blow, with the total market capitalization dropping to $3.462 trillion, a 24-hour decrease of 2.5%. Bitcoin briefly fell below $101,000, currently trading at $101,471, Ethereum held at $3,300, SOL is trading at $154, and BNB is trading at $949. U.S. stocks closed with all three major indexes falling, with the Dow down 0.8%, the S&P 500 down 1.1%, and the Nasdaq Composite down 1.9%. U.S. tech stocks saw a widespread decline, with Tesla down 3.5%, Nvidia down 3.65%, and Meta, Amazon, and Intel all down over 2.5%.

Altcoin market saw a general decline, including:

GIGGLE is currently trading at $203, with a 22% decrease in the last 24 hours;

MITO is currently trading at $0.086, with a 27.2% decrease in the last 24 hours;

KITE is currently trading at $0.07, with a 21% decrease in the last 24 hours;

DCR is currently trading at $35.3, with a 20.6% decrease in the last 24 hours;

XPL is currently trading at $0.257, with a 17% decrease in the last 24 hours.

Crypto-related stocks saw a general decline, including:

Coinbase (COIN) down by 7.54%;

Circle (CRCL) down by 11.52%;

MicroStrategy (MSTR) down by 6.98%;

Bitmine Immersion (BMNR) down by 9.78%;

SharpLink Gaming (SBET) down by 7.91%.