Crypto6 Nov, 14:30 UTCGlobal

Bitcoin slides toward $75,000 as tech stocks sell off

Bitcoin dropped toward $75,000 after a broad sell-off in technology stocks, giving up gains made after the election. Recovery looks fragile as investors stay cautious.

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Photo: Satheesh Sankaran, CC BY 2.0, via Wikimedia Commons

Crypto · 6 Nov, 14:30 UTC

Bitcoin showed early signs of steadying on Friday. A sharp market-wide sell-off had pushed it toward $75,000. It also fell below levels seen before the US election.

Crypto

The recovery remains fragile. Investors are still cautious after heavy losses in technology stocks, especially those tied to artificial intelligence.

In numbers

$75,000Bitcoin level approached
$1 billionCrypto liquidations
8%Kospi crash before halt

Bitcoin, the past month

$75,749down −11.45%

Crypto

More than $1 billion in crypto positions were liquidated, meaning they were closed by force after prices moved against traders. Money has also continued to leave US spot Bitcoin ETFs, which are funds that hold the coin itself.

Stress spread to Asia, where the Kospi index in South Korea was halted after an 8% fall. Fears about AI regulation were tied to that drop. Bitcoin also moved sharply after a US jobs report that beat expectations.

Bitcoin$75,749down −11.45%over 1 month

Prices by CoinGecko. Past moves say nothing about future ones.

Also in this story

Kospidown −22.44%1 month

$1,000 in Bitcoin

Had you put Amount in dollars$ into Bitcoin a month ago, it would be worth – now.

From the prices in the chart, before any fees or taxes. Not a suggestion to buy or sell.

Where: Global
Published: 6 Nov, 14:30 UTC
Section: Crypto
Markets: Bitcoin, Kospi

This article is not investment advice. It was written by our automated newsroom from published reports and official statements, using only the facts in them, and not read by a person before it was published. Report a mistake
Photo: Satheesh Sankaran, CC BY 2.0, via Wikimedia Commons

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