Market Analysis: Tech Selloff and Bitcoin's Six-Month Low Amid Fed Uncertainty

This analysis is based on the Forbes report [1] published on November 14, 2025, documenting significant market declines across both equity and cryptocurrency markets.

The selloff was broad-based, with S&P 500 futures declining 0.94% to 6,696.75 points, while tech-heavy Nasdaq futures dropped 1.42% to 24,739.25 points [1]. The cryptocurrency market experienced even steeper declines, with Bitcoin falling below $96,000 for the first time in six months, down 6.9% over 24 hours to $95,909.21 [1]. Ethereum showed even greater weakness, declining 10.3% to $3,130 [1].

Major technology stocks were hit particularly hard in premarket trading. Tesla declined 4.15% to $385, while NVIDIA dropped 2.93% to $181.40 [1]. The selloff extended across the semiconductor sector with AMD (-2.39%), Intel (-2.51%), Qualcomm (-1.43%), and Broadcom (-1.12%) all posting losses [1]. Big tech companies also declined, including Google (-1.55%), Meta (-1.03%), Amazon (-1.18%), and Microsoft (-0.73%) [1].

Current market data reveals broad weakness across multiple sectors [0]. Technology declined 1.57%, while Consumer Cyclical fell 2.87%, Energy dropped 2.16%, Real Estate declined 2.37%, and Utilities posted the worst performance at -3.11% [0]. Only defensive sectors showed positive performance, with Consumer Defensive up 0.87%, Basic Materials gaining 0.08%, and Healthcare rising 0.06% [0].

The market decline appears primarily driven by shifting Federal Reserve expectations. Market probability of a December rate cut has dramatically decreased from 95% a month ago to just 47-49% currently [3][4]. This uncertainty stems from Fed officials expressing hesitation about further easing, persistent inflation above the 2% target, and deep divisions within the FOMC [4].

The simultaneous decline in tech stocks and cryptocurrencies demonstrates strong correlation between these risk assets. Historical patterns suggest that when technology stocks decline sharply, particularly those operating in the crypto space, it drives outflows from cryptocurrencies as investors seek safer, more stable assets [5]. Bitcoin had been trading above $100,000 in early November before this decline [2].

The selloff is not isolated to technology but spans multiple sectors, indicating systemic concerns rather than sector-specific issues. The decline in defensive sectors like Utilities (-3.11%) alongside technology suggests broad market risk aversion [0].

The analysis reveals several high-risk indicators that warrant attention [0]. The broad market weakness across multiple sectors indicates systemic concerns rather than isolated tech issues. Bitcoin’s 6.9% single-day decline represents significant volatility and potential capitulation in the cryptocurrency market. The dramatic shift in Federal Reserve rate cut expectations creates significant market uncertainty that could persist.

Short-term monitoring should focus on Federal Reserve officials’ speeches ahead of the December 10 meeting, technical support levels for major indices and cryptocurrencies, institutional flow data, and any major tech earnings announcements [0]. Medium-term considerations include the December Fed meeting outcome, Q4 economic data releases, holiday season retail performance, and cryptocurrency market stabilization patterns.

Users should be aware that the combination of Federal Reserve policy uncertainty and simultaneous weakness in both technology stocks and cryptocurrencies may significantly impact portfolio risk management strategies. Historical patterns suggest that when risk assets decline in tandem, particularly with Fed uncertainty, market volatility can persist for extended periods.

• S&P 500 futures: -0.94% to 6,696.75 [1]
• Nasdaq futures: -1.42% to 24,739.25 [1]
• Bitcoin: Below $96,000, down 6.9% to $95,909.21 [1]
• Ethereum: Down 10.3% to $3,130 [1]
• Tesla premarket: -4.15% to $385 [1]
• NVIDIA premarket: -2.93% to $181.40 [1]

Technology (-1.57%), Consumer Cyclical (-2.87%), Energy (-2.16%), Real Estate (-2.37%), Utilities (-3.11%) [0]
Defensive sectors: Consumer Defensive (+0.87%), Basic Materials (+0.08%), Healthcare (+0.06%) [0]

December rate cut probability: 47-49% (down from 95% a month ago) [3][4]

• S&P 500: 6,700 level [0]
• Bitcoin: $92,000-$95,000 range [0]