The cryptocurrency market experienced a significant downturn, losing $66 billion overnight on November 6, 2025, as Bitcoin (BTC) fell by 2% to $101,818. This decline was mirrored by major cryptocurrencies such as Ethereum (ETH), XRP, and Solana (SOL), which also saw decreases in value. In contrast, some smaller altcoins, including SOON, ICP, and MINA, bucked the trend, each surging by over 25%. Market analysts suggest that recent geopolitical tensions, including tariff discussions by Trump, a decline in the Nikkei index, and concerns over a potential AI bubble burst, may be contributing to the current market volatility.