Crypto Morning News: Bitcoin Falls to 87K as Wall Street Slides on Mixed U.S. Jobs Data and Tech Reversal

Key Takeaways

Wall Street dropped sharply after early gains faded, with volatility hitting its highest since April.
The U.S. added 119,000 jobs in September, but unemployment rose to 4.4%, sparking debate over a December Fed rate cut.
A federal judge paused Trump’s National Guard deployment in D.C. as Zelenskiy agreed to work on a U.S.-backed peace plan for Ukraine.
Bitcoin plunged below $88K while gold steadied above $4,080 as investors shifted toward safer assets.

Crypto Morning News: Geopolitics & Market Sentiment

On November 21, 2025, global markets sold off sharply after an early rally faded, as mixed U.S. jobs data and a steep reversal in major technology stocks unsettled investors.

Furthermore, volatility spiked to its highest since April as traders weighed fresh signals on interest rates and geopolitical risk.

On the diplomatic front, Ukrainian President Volodymyr Zelenskiy said he is ready to work with Washington on a U.S.-backed peace plan, which could require Kyiv to give up some territory and limit its military forces. He is expected to discuss the proposal with President Donald Trump in the coming days, although several European allies have voiced opposition to the idea.

Meanwhile, a U.S. federal judge temporarily blocked President Trump’s order to deploy National Guard troops in Washington, D.C., calling for more legal review before December 11.

U.S. officials also said banks and refineries in China and India are beginning to comply with sanctions targeting Russia’s major oil companies, showing that pressure from Washington is starting to take effect.

On the economic front, the latest U.S. jobs report showed that nonfarm payrolls rose by 119,000 in September, which is more than expected, but the unemployment rate also ticked up to 4.4%, its highest level in four years.

The mixed results showed that the labor market is still adjusting to tariffs and automation pressures. However, some investors saw the data as support for another Federal Reserve rate cut next month, while others argued it gives policymakers room to wait.

Reacting to these developments, Bond yields slipped and the dollar steadied after briefly touching a six-month high.

Equities were volatile, as the S&P 500 dropped 1.6% and the Nasdaq fell more than 2%. Chipmakers led declines, with Nvidia losing 3.2% and the semiconductor index plunging nearly 5%.

In Crypto, Bitcoin dropped below $88,000 , its weakest level in seven months, as traders increased bets that BTC could finish the year under $90,000.

The slide came after a record $523 million outflow from BlackRock’s Bitcoin ETF, signaling a broader move toward gold and defensive assets. Ethereum fell 5.2% to around $2,870, while Solana slipped 1.4% to $135, as volatility across digital assets spiked and traders added fresh hedges against further declines.

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