Bitcoin Flatlines Under $76K as Stocks Lose Steam

Live updates: Bitcoin flatlines under $76,000 as stock bounce loses steam into the close

Bitcoin traded below $76,000 on November 5, 2026, as a sell-off in U.S. technology stocks spilled into crypto markets and a modest late-day rebound in equities faded into the close. The move reversed part of the prior session’s post-election rally that had briefly lifted bitcoin above $80,000.

Broader markets set the tone. The Nasdaq finished up 1.1%, the S&P 500 edged higher, and the DJIA fell, reflecting a recovery that did not fully offset heavy intraday pressure. Early in the session, U.S. stocks lost roughly $2.3 trillion in market value within the first hour of trading, with losses at one point widening further as major indexes hit intraday lows.

Crypto prices weakened alongside the risk-off mood. Ethereum fell about 6.2% over 24 hours on November 5 to around $2,272 (roughly €2,025) after reaching a daily high of $2,441. Crypto-linked equities also moved lower, with shares of Coinbase, Robinhood, Strategy and Bullish down 9% or more during the sell-off.

Derivatives activity appeared to amplify the swing. Bitcoin fell from $78,767 to $75,986 within an hour, as forced liquidations of more than $560 million in that window—mostly long positions—added to selling pressure. Over a full 24-hour period, more than $1 billion in crypto derivatives positions were liquidated.

Liquidations occur when an exchange automatically closes a leveraged position once posted collateral no longer covers losses. When long positions are liquidated, the exchange sells into the market, which can intensify downward moves during fast declines.

Market positioning also shifted. Bitcoin futures open interest fell below $26 billion, the lowest level since mid-September, down from about $28 billion earlier in the session.

Several indicators highlighted the market’s sensitivity to macro moves. A CryptoQuant gauge tracking how closely bitcoin moves with the S&P 500 turned positive for the first time in data going back to 2015, reflecting a period in which bitcoin has increasingly moved in tandem with stocks. Gold moved the other way, rising 1.1% to $4,116 an ounce amid safe-haven demand.

The latest bout of volatility also comes as the crypto market continues to digest last week’s $6.3 billion hack of Binance, which had already rattled sentiment. Digital asset research firm K33 had warned earlier that unusually thin trading activity and rising use of leverage had left bitcoin more exposed to sharp swings around the midterm election results.

Across the broader crypto market, the global value of crypto assets fell about 5%, erasing roughly $370 billion, according to CoinMarketCap data.

• Bitcoin: slipped below $76,000 as stocks sold off and the rebound faded.
• Ethereum: down about 6.2% in 24 hours to around $2,272 after a $2,441 daily high.
• Liquidations: over $560 million in one hour, and more than $1 billion over 24 hours, largely long positions.
• Context: continuing sensitivity to equities and lingering fragility after the Binance hack.