Crypto

Why Did Bitcoin Crash Below $76,000 in November 2026? The Post-Midterm Nasdaq Selloff, Explained

Loser Buddy

01

Bitcoin fell to about 75,500 to 75,650 dollars on November 6, 2026, down roughly 5 to 6 percent in a single day.

02

The drop wiped out a relief rally that followed the November 3 US midterm elections, where Democrats won the House.

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Bitcoin had briefly dipped to about 75,700 dollars overnight on crypto regulation worries, then recovered to roughly 77,000 to 78,245 dollars.

04

A separate, unrelated Nasdaq selloff driven by AI valuation and spending worries dragged tech stocks and Bitcoin down together by Friday.

05

US spot Bitcoin ETFs lost roughly 540 million dollars in a single day on Thursday November 5, led by Fidelity's FBTC at about 200 million dollars.

06

BlackRock's IBIT extended its outflow streak to five straight trading sessions during the week.

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Over 1.25 billion dollars in leveraged crypto positions were liquidated in 24 hours, about 89 percent of it long bets.

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This is the third distinct macro-driven Bitcoin selloff in two months, after September's CPI shock and October's Fed-dissent slide.

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