COINTELEGRAPH · 2026-11-05 16:48 UTC

Bitcoin crashes 6% to 7-week low as US stocks erase election gains

Bitcoin fell 6% to $75,463, its lowest level since September 16, as US stock markets reversed post-election gains with the Nasdaq dropping 4.2%. BTC/USD briefly fell below its 50-week simple moving average at $75,733, putting key support under pressure amid $850 million in crypto liquidations. Tech stocks sold off sharply as traders rotated out of equities following the midterm elections, with concerns about potential Democrat policies affecting the AI sector.

Loading the story on Tree News…