**Crypto and Stock Markets Drop Ahead of Key Economic Events**

Global markets are showing signs of worry as both the crypto and stock sectors take a hit. Investors are on edge, waiting for two major updates: NVIDIA’s earnings report and the delayed U.S. jobs data. With economic uncertainty rising, money is leaving risky assets like tech stocks, cryptocurrencies, and even gold.

The S&P 500 index, a key indicator for U.S. equities, dropped below its 50-day moving average—a signal that investor confidence is weakening. Gold, often seen as a safe haven, also slid in value, moving in the same direction as crypto, indicating a broader pullback from risk.

**Crypto Market Feels the Pressure**

Bitcoin has lost a major support level and is now trading around $91,000. Ethereum also dropped below the key $3,000 mark. The Crypto Fear and Greed Index has fallen to 11, signaling “extreme fear” in the market. This usually means high volatility ahead and investors being extra cautious, especially before big announcements.

**NVIDIA Earnings & U.S. Jobs Report in Focus**

All eyes are now on NVIDIA’s earnings, set to release on November 19. Expectations are high due to ongoing demand for AI-related tech. However, concerns over global trade tensions and slowing chip demand could hurt results. If NVIDIA’s numbers disappoint, we could see more selling across different asset classes.

Meanwhile, the U.S. jobs report is delayed due to recent government shutdowns. Analysts believe job growth in October was weak. If that’s confirmed, it could fuel fears of an economic slowdown or even a recession. The Federal Reserve’s stance on interest rates is being closely watched—right now, chances of a rate cut in December are below 50%.

**Altcoins Fall as Bitcoin Dominates**

Most cryptocurrencies have followed Bitcoin’s downward trend. Many altcoins have dropped up to 30% from their recent highs. However, some privacy-focused tokens like Monero, Horizen, and Dash have gone up. These coins are gaining interest due to new debates about digital privacy regulations.

Bitcoin’s dominance in the crypto market is currently at 59.3%, showing that it still leads the way. Institutional investors are still showing confidence in Bitcoin. MicroStrategy recently bought over 8,000 BTC, pushing its total holdings close to 650,000 BTC—a strong sign of belief in Bitcoin despite market weakness.

**Uniswap Governance Spurs UNI Token Rally**

Decentralized finance (DeFi) activity is picking up even in this down market. Uniswap is moving ahead with a proposal to activate its “fee switch,” which would introduce protocol fees on various liquidity pools. The plan also includes burning UNI tokens to reduce supply.

Voting for this proposal is expected to begin on November 19. In response to the news, the price of UNI has jumped by over 50% in just a few days. This development reflects a broader shift in DeFi towards creating long-term value through active governance and token management.

**What’s Next? Market at a Crossroads**

Markets are at a turning point. Bitcoin’s next moves will be crucial in determining whether we see a recovery or further losses. Historically, November has been a strong month for crypto—but this time, risks are higher.

While certain sectors like privacy coins and DeFi governance show promise, the overall market remains tied to global economic signals. With liquidity drying up and fear rising, both risk and opportunity are on the table for investors watching closely.