Bitcoin fell below $100,000, trading around $99,399, down 3% due to liquidations totaling $711.8 million with 238,679 traders affected. Analysts debate if this marks a bear market. ARK Invest CEO revised Bitcoin forecast to $1.2 million by 2030. BTC briefly hit $100,000, but major crypto stocks remained down.

Coinbase reported Q3 earnings beating estimates, with $1.50 EPS and revenue of $1.86 billion. Michael Saylor’s Strategy fell 3.78% after announcing a €80 per share offering to fund Bitcoin purchases. Block and Iris Energy traded lower post-earnings release, with Block missing revenue expectations.

American Bitcoin, Eric Trump’s venture, was down 8.15% holding 4,004 BTC. Cipher Mining fell 7.30% despite a narrower loss. Outdated tax laws affecting Bitcoin mining are under scrutiny. TheStreet reported the news on Nov 7, 2025.

Read more at Yahoo Finance: Major crypto stocks reel after devastating sell-off