Bitcoin is down to $75K after a $2.3T tech stock crash. 50% OFF 3 trades with DOMINO50, until 9 November.
Bitcoin is down to $75K after a $2.3 trillion stock crash
Bitcoin is down to about $75,000, more than $5,000 lower than a day earlier. That is a fall of about 6% in 24 hours, and the reason sits on Wall Street.
On Thursday, 5 November, US stocks had their worst day since April 2025. The Nasdaq 100, home of the biggest tech companies, lost $2.3 trillion in market value in a single day. The S&P 500 fell 4.4%, the Dow lost more than 1,800 points and the main index of chipmakers dropped 12%.
Analysts point to the US midterm elections. Investors worry the new Congress could slow the build-out of AI data centres, so they sold the chip and AI companies that had led the market this year.
Bitcoin followed, and borrowed money made the fall deeper. Many traders had borrowed to bet on a rise. As the price dropped, exchanges closed those bets automatically, and each forced sale pushed the price a little lower. According to CoinGlass, more than $1 billion of these bets closed in 24 hours.
The mood changed with it. The Crypto Fear & Greed Index, which scores the market's mood from 0 to 100, went from 50 (neutral) on Thursday to 28 (fear) on Friday. Nobody can say from these numbers where the price goes next. They do show how a sell-off on Wall Street reached crypto within hours.
Tech stocks lost $2.3 trillion in a day, and Bitcoin followed. On Paybis you buy the coin itself with your own money, so it stays in your account whatever the price does.
Until 9 November, your next 3 trades come with 50% OFF the Paybis fee.
Full price is shown before you confirm, there are 90+ assets available, and support is staffed by real people at any hour.
50% OFF Paybis fees, | |
Apply your code and get 50% OFF Paybis fees on your next 3 trades, on any coin we list, until 9 November. | |
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Valid on 3 trades, ending 9 November 2026, 23:59:59 UTC. |
Bitcoin prices from CoinGecko, 6 November 2026. Stock moves from Yahoo Finance and CoinDesk, 5 November 2026. Forced closures from CoinGlass as reported by CoinDesk, 5 November 2026. Crypto Fear & Greed Index from alternative.me, 5 and 6 November 2026. This update is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are volatile. Always conduct your own research before making any decisions.
