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

On November 7th, based on market data, the crypto market sustained another heavy setback. The total market capitalization plummeted to $3.462 trillion, witnessing a 24-hour decline of 2.5%. Bitcoin briefly dipped below $101,000 and is currently trading at $101,471. Ethereum remained at $3,300. SOL is being traded at $154, and BNB is trading at $949. U.S. stocks closed with all three major indexes showing a downward trend. The Dow dropped by 0.8%, the S&P 500 decreased by 1.1%, and the Nasdaq Composite fell by 1.9%. U.S. tech stocks witnessed a widespread decline. Tesla declined by 3.5%, Nvidia dropped by 3.65%, and Meta, Amazon, and Intel all saw a decrease of over 2.5%. In the altcoin market, there was a general decline. GIGGLE is currently being traded at $203, with a 22% decrease in the last 24 hours. MITO is currently trading at $0.086, experiencing 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, seeing 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. Regarding crypto-related stocks, there was a general decline as well. Coinbase (COIN) declined by 7.54%. Circle (CRCL) dropped by 11.52%. MicroStrategy (MSTR) decreased by 6.98%. Bitmine Immersion (BMNR) went down by 9.78%. SharpLink Gaming (SBET) fell by 7.91%.