DECRYPT · 2026-11-06 13:29 UTC

Morning Minute: Bitcoin Erases Election Rally as AI Stocks Crater

On Thursday the S&P 500 fell 4.36%, its worst session since April 2025, and the Nasdaq closed in correction, with semiconductor stocks leading the drop. Bitcoin fell 5.4% to $75,871, below its pre-election level, Ethereum dropped 7.6% to $2,239, and about $1.1B in crypto longs were liquidated. The article ties the selloff to investor worries over slower data center permitting and tighter AI buildout oversight in states that voted Democratic, and says December rate-hike odds fell to 70.1% from 82.7%.

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