BLOOMBERG · 2026-11-06 12:15 UTC

Bitcoin Selloff Eases as Investors Explore Cautious Recovery

Bitcoin traded near $76,000 Friday morning after falling almost 6% from above $80,000 the previous day, with smaller cryptocurrencies like BNB, ZCash and HYPE up 1-3%. The S&P 500 had its steepest drop in over a year Thursday as investors priced in a possible Democrat-led clampdown on data center expansion, pressuring chipmakers; US spot Bitcoin ETFs saw $430 million in outflows that day. Analysts called the bounce brief relief rather than a reversal, with Marex's Samuel Leyne saying Bitcoin must reclaim $77,000 for momentum and $75,000 is at risk if equities keep sliding.

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