GM Morning Brief (November 7, 2025)
- Market Trends
In the past 24 hours, both Bitcoin and Ethereum declined, with major altcoins broadly falling and the meme coin market also weakening. This was primarily influenced by ETF outflows and prevailing market caution. The total cryptocurrency market cap fell by 1.45% to $3.38 trillion.
The three major US stock indices all closed lower: the Nasdaq fell 1.90%, the S&P 500 dropped 1.12%, and the Dow Jones declined 0.82%.
- Market Hotspots
BTC fell below $101,000, with ETH, BNB, and other major coins following suit. Total liquidations across the network approached $600 million.
The market capitalization of the stablecoin USDe dropped below $9 billion, down approximately 45% over the past month, reflecting fluctuating market trust in algorithmic stablecoins.
Circle submitted a comment letter to the US Treasury, advocating for a unified and prudent regulatory framework for dollar-denominated payment stablecoins.
HashKey and Kraken entered into a strategic partnership to promote institutional adoption of tokenized assets and foster integration between digital and traditional finance.
- Fear & Greed Index
Today's Crypto Fear & Greed Index: 24 (Extreme Fear)