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1Bitget Daily Digest(Nov 29)|All Major U.S. Stock Indices Closed Lower; Next Year’s FOMC Voters Emphasize Inflation Risks and Oppose Further Rate Cuts; 72 out of Top 100 Tokens Down More Than 50% from All-Time Highs2Bitcoin’s Current Correction: At the End of the “Four-Year Cycle,” Government Shutdown Intensifies Liquidity Shock3Zcash Price Prediction 2025: Why ZEC Might Hit $360, Shedding 35% From ATH?
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Why Is the Crypto Market Flat Today? November 6, 2025
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Flash
- 04:14Galaxy Research: 72 out of the top 100 cryptocurrencies by market cap have dropped more than 50% from their peakAccording to a report by Jinse Finance, Galaxy Research states that in the current cryptocurrency market, 72 out of the top 100 cryptocurrencies by market capitalization have fallen more than 50% from their all-time highs.
- 04:11Galaxy CEO: This Cycle Has Not Peaked Yet, a New Fed Chair Could Drive the Next RallyChainCatcher News, Galaxy Digital founder and CEO Mike Novogratz stated on social media, "Currently, our company's employee shareholding ratio is the highest in both the cryptocurrency and data center industries. The crypto market has been performing quite sluggishly recently. Personally, I believe that after a prolonged bull market, many long-term holders are rebalancing their assets, diversifying some funds from overly concentrated positions. In the medium to long term, this is a healthy development, as these positions will gradually be absorbed by a broader range of investors; but in the short term, this adjustment acts like a wet blanket, suppressing market prices. I do not believe we have reached the peak of this cycle yet. I think by the end of this year, we will see a new Federal Reserve Chair, who may be even more dovish (accommodative) than the market expects. Hopefully, this will provide enough narrative momentum for the market to drive the next wave of gains."
- 04:11Galaxy CEO: Long-term holders are starting to adjust their asset allocation, and diversified positions are putting short-term pressure on prices.ChainCatcher News: Galaxy CEO Mike Novogratz posted on X, stating that the cryptocurrency market has been very sluggish recently. After a prolonged bull market, many long-term holders have begun to readjust their asset allocations, diversify their investments, and reduce concentrated positions. In the medium to long term, diversification of positions is beneficial for market development, but in the short term, it puts pressure on prices. At present, the crypto market has not reached a cyclical peak. By the end of this year, the Federal Reserve may welcome a new chairman, whose stance is expected to be more dovish than what the market is used to. He hopes this could serve as a catalyst for the next round of price increases.