Home / Business and Economy / Crypto Crash Shakes Wall Street as Fed Signals Rate Hike
Crypto Crash Shakes Wall Street as Fed Signals Rate Hike
14 Nov
Summary
- Bitcoin falls below $100,000, down 20% from October peak
- Nasdaq down in 5 out of last 6 sessions, tech stocks continue to slide
- Probability of Fed rate cut in December drops to 51%
On November 14th, 2025, the sell-off in risk assets has taken a toll on the cryptocurrency market, with Bitcoin falling below the $100,000 mark, the lowest level since May. The world's largest cryptocurrency is now down 20% from its October peak.
The turmoil has also impacted Wall Street, with benchmark indices on Wall Street experiencing their worst day in a month. The Dow Jones fell 800 points on Thursday, snapping a four-day winning streak and giving up nearly 60% of the previous rally. The rotation out of tech stocks continued, with the S&P 500 declining over 1.5% and the Nasdaq closing over 2% in the red. The Nasdaq is now down in five out of the last six sessions.
The uncertainty surrounding the economic data and the Federal Reserve's monetary policy has contributed to the market's volatility. At least five different Fed officials have either said it's too early to decide on a rate cut or have explicitly refused to vote "yes" for a rate cut proposal in December. As a result, the probability of the Fed cutting rates by 25 basis points next month has dropped to 51% from 61% earlier this week.
