Bitcoin sinks to seven-week low as tech selloff hits crypto
Bitcoin falls below $76,000
Bitcoin tumbled to a seven-week low on November 5, 2026. The original cryptocurrency traded below $76,000 after dropping as much as 5.8%.
The fall came as a rout in technology shares spilled into risky assets. Bloomberg said the move hurt sentiment in digital assets that were already under pressure from industry-specific woes.
Key drops in crypto and tech stocks
- Bitcoin dropped as much as 5.8% and traded below $76,000.
- Ether tumbled around 8%.
- The Nasdaq 100 plunged 6.4%.
Chipmakers lead the wider selloff
Chipmakers led the decline in the Nasdaq 100. Bloomberg linked the moves to underwhelming earnings outlooks.
Concerns that Democratic control of Congress could bring tighter oversight of the artificial-intelligence industry were also cited.
Why risky assets fell together
The source describes the episode as a risk-off mood, meaning investors pulled back from assets seen as riskier. In this case, weakness in technology shares coincided with losses in Bitcoin and Ether.
Sources
Newisty Editorial Team covers technology, cryptocurrency, digital products, online platforms, developer tools and the wider digital economy. Our content is researched from official sources, company announcements, public documentation, market data and other primary or reputable sources. Articles are reviewed and edited before publication for clarity, accuracy and useful context.
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