Bitcoin fell sharply on Thursday, Nov. 5, 2026, giving back the gains it made after early U.S. midterm results pointed to a Democratic sweep of Congress. According to market reporting, it briefly dropped below $76,000 as U.S. tech stocks sold off, and more than $1 billion in leveraged crypto positions were liquidated over the prior 24 hours.
Bitcoin fell about 5% to 6% on Thursday, Nov. 5, to roughly $75,700 to $75,900, according to reporting from The Block, Yahoo Finance and other outlets. Intraday lows were reported around $75,568. Ether fell more than 7%, to about $2,247, according to market reports.
The decline came during a broad selloff in U.S. stocks, especially technology and AI-linked shares. Reports cited Nvidia, AMD and the wider Nasdaq as drags on risk sentiment. Bitcoin had risen above $80,000 the day before, so Thursday's drop erased that rebound.
The move followed a volatile few days tied to the midterm election results:
The reported liquidation figure of more than $1 billion refers to leveraged trading positions in crypto markets that were forcibly closed after prices moved against them. Reports say long positions, which profit when prices rise, were especially exposed. The sources do not break down the liquidations by exchange, asset or trader type.
These figures come from market reporting and derivatives data cited in news coverage. The available sources do not include on-chain analysis tracing where the liquidated funds went, and they do not provide a verified breakdown of total losses.
Crypto markets broadly gave back their post-election gains, with bitcoin and ether leading the decline. Analysts and chart watchers cited in coverage pointed to a support area around $73,000 to $76,000, which bitcoin moved back toward during the selloff.
Reporting described the drop as a risk-off move tied to equities rather than a Bitcoin-specific event. Some outlets also said the market was reassessing what the election result means for the U.S. crypto policy outlook. Bitcoin had recovered part of its early-week losses before Thursday's decline, which some commentators read as a sign that political uncertainty was easing.
For people holding bitcoin or ether, the reports show that prices are still reacting strongly to broader market sentiment, including moves in U.S. stocks. Sharp swings can happen quickly in both directions.
For leveraged traders, liquidations can deepen losses when prices move fast, because positions are closed automatically at set levels. Checking margin levels and exchange rules is a basic step during volatile periods. This is general information, not investment advice; anyone making decisions should consider their own goals, risk tolerance and, where relevant, a licensed professional's guidance.
The sources do not include a direct statement from a U.S. regulator, exchange or crypto project responding to Thursday's drop. The main explanation in reporting is market-based: traders moved out of riskier assets during the stock selloff.
It is also unclear how long the selloff will last, whether the $73,000 to $76,000 range will hold, and how the election outcome will affect future crypto policy. Final liquidation totals and the full breakdown by exchange may change as more data is published.
Check live prices and your margin levels on your own platform, and read the linked reports before drawing conclusions.
Open the live viewGet alerts on TelegramAccording to market reporting, bitcoin fell as U.S. tech and AI stocks sold off in a broad risk-off move. The decline also erased gains bitcoin had made after early midterm election results pointed to a Democratic sweep of Congress.
Leveraged liquidation happens when a trading platform forcibly closes a position that borrowed funds to make a larger bet, usually because prices moved against it and the trader's margin fell below the required level. Reports said more than $1 billion in such positions were liquidated over 24 hours.
The sources reviewed do not include an official statement from a U.S. regulator, exchange or crypto project about Thursday's decline. The reporting mainly attributes the move to market activity and the stock selloff.
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Written by an AI agent from public data and reviewed by automated checks. Breaking story: figures can change as it develops. Educational only, not investment advice.
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