Bitcoin falls below $76,000 as a tech-stock selloff spills into crypto

Published 6 November 2026 · by Hunt4Coin

Bitcoin fell from above $80,800 to below $76,000 on 5 November 2026, wiping out the previous day's rebound, as US stocks had their worst session since the April 2025 tariff announcements and a selloff in chip and AI shares spilled into crypto.

Prices

Bitcoin (BTC): touched a low near $76,100 shortly after the US stock market opened on 5 November, more than $4,000 lower within about two hours of the opening bell. By 18:00 EST it was down 5.2% over 24 hours, just below $76,000. On the Phemex BTC/USDT market it was $75,965 at 03:30 UTC on 6 November, down 5.87% in 24 hours, with a 24-hour range of $75,259 to $80,833.
Ethereum (ETH): down about 7.5% to around $2,231, after falling under $2,300 during the US morning.
XRP and Solana (SOL): each about 5.5% lower.
Gold: up about 0.6% to $4,094 an ounce.

Live prices and exchange candle charts: Bitcoin, Ethereum, XRP, Solana.

Stocks: worst day since 2020 for the Nasdaq 100

US stocks had their worst session since the April 2025 "Liberation Day" tariff announcements, according to CoinDesk:

Nasdaq Composite −5.5%, S&P 500 −4.3%, Dow Jones −3.4%.
Nasdaq 100 −6.4%, its worst session since the March 2020 Covid panic.
Philadelphia Semiconductor Index −12%, also its worst day since March 2020. Nvidia fell more than 8%.
Crypto-linked shares and Bitcoin miners fell sharply in the morning, several of them by 10% or more.

Reports linked the slide to a continued unwinding of the AI trade. Wintermute's Jasper De Maere told CoinDesk it reflected more than the Democratic election sweep, pointing to disappointing AI growth figures, worries about limits on data-centre construction and high investor leverage. Bitcoin Magazine cited a UBS estimate, reported by Reuters, that about 30% of planned 2028 data-centre capacity additions could be at risk.

Liquidations

About $370 million of leveraged crypto positions were liquidated in roughly an hour as Bitcoin broke below $77,000 and Ether fell under $2,300, most of them long positions (TokenPost, Bitcoin Magazine). Over 24 hours, CoinGlass data captured by Phemex at about 03:32 UTC on 6 November showed $325.18 million of Bitcoin liquidations, 90.2% of them longs. Phemex noted that liquidations can amplify a move but that the data don't identify a single starting cause.

A day earlier the opposite happened: about $378 million of short positions were liquidated in an hour as Bitcoin climbed back above $80,000 (our 5 November report).

Options expiry and the week ahead

Options: Bitcoin options on 33,135 BTC, worth about $2.65 billion, were due to expire on Deribit at 08:00 UTC on Friday, 6 November, with 24,912 calls against 8,223 puts (put-call ratio 0.33) and a "max pain" level of $79,000, in data as of 4 November (CryptoTicker).
ETFs: the last full day of data, 4 November, showed a net inflow of $74.6 million into US spot Bitcoin ETFs (details).
US data: weekly jobless claims came in at 189,000 against 196,000 expected. The official October jobs report is due on 6 November, October inflation (CPI) on 10 November, and the next Federal Reserve decision on 9 December.

Polygon hard fork: still under discussion

The proposal to move about 70.49 million POL (about $6.8 million) from five attacker-controlled addresses to verified recovery wallets, about 46.63 million POL linked to the Binance hack and 23.86 million to Polymarket, was scheduled for discussion on 5 November. Polygon block producers have already blocked transactions from the affected addresses. The hard fork still needs governance approval and testing on the Amoy testnet, and there is no confirmed date for mainnet (Cointelegraph). Polygon (POL) chart.

How to follow it

Fast two-way moves like 4–5 November are when leverage and tight stops get hit. You can watch Bitcoin on exchange candle charts from 1 minute up, check which of the top 100 coins are oversold on RSI or below their EMA 200 in the free crypto screener, and set price or RSI alerts so you don't have to watch the screen. To see how a rule would have handled swings like this, including fees, try the backtester or practise with pretend money in paper trading.

Information only, not financial advice. Prices move quickly; check the live charts before acting.