Crypto Morning News: Bitcoin Dips to 101K as Labor Market Gloom and AI Fears Weigh on Wall Street

Key Takeaways

Markets turned cautious as weakness in AI-linked tech stocks and softer U.S. labor signals weighed on sentiment.
The Supreme Court’s tariff case and Trump’s new minerals list added fresh trade uncertainty.
The Bank of England narrowly kept rates on hold while Banxico delivered a small cut, underscoring a cautious global policy mood.
Bitcoin hovered near $101K as gold edged higher and the dollar softened.

Crypto Morning News: Geopolitics & Market Sentiment

On November 7, 2025, markets witnessed a risk-off shift as renewed worries about an AI-led tech drawdown and a foggier U.S. labor picture weighed on equities, pushed Treasury yields lower and left the dollar on the defensive side.

On the diplomatic front, trade policy stayed in focus as the legality of President Donald Trump’s tariff strategy moved deeper into Supreme Court scrutiny, keeping companies cautious and prompting supply chains to brace for potential disruption.

The U.S. administration also expanded the U.S. critical minerals list to include copper, metallurgical coal and uranium alongside fertilizer inputs, signaling a broader push to rewire strategic supply chains and channel investment into domestic extraction and processing, with implications for heavy industry, EVs and data-center buildout.

On the economic front, the government shutdown kept official payrolls data off calendars, forcing traders to lean on private indicators that pointed to softer labor conditions and elevated layoff announcements.

Meanwhile, traders increased bets on a December 10 Fed rate cut, sending short-term yields lower and steepening the curve.

Across the Atlantic, the Bank of England kept rates unchanged in a narrow 5–4 vote, lifting sterling and keeping the door open for a December cut. In Latin America, Banxico lowered rates by 25 basis points but struck a more cautious tone on further easing.

Equity markets reflected the broader unease, with U.S. technology shares under pressure and semiconductors leading declines.

Oil prices were slightly lower, gold ticked higher, and the dollar slipped against its peers as funding-market tightness and shutdown-related data gaps kept positioning cautious.

In Crypto, major tokens drifted lower alongside broader risk, with Bitcoin slipping toward $101,000 over the last 24 hours as traders parsed weaker U.S. labor signals and a softer dollar.

Meanwhile, Ethereum eased below $3,300 and Solana hovered near $155, while Bitcoin’s market share held just above 60%, indicating defensive rotation within crypto even as altcoin liquidity thinned.