CryptoMediumUpdated•Originally published 5 November 2026•Updated 5 November 2026•
1 min read
Bitcoin Hits $75,568 Low as Wall Street Loses $2.5 Trillion
Key Facts
1Bitcoin price retreated toward the $77,000 level as the S&P 500 index dropped by 1.7%.
2AI stocks experienced a sell-off that erased gains from the post-election rally.
Bitcoin price dropped to an intraday low of $75,568. According to coinpaper.com, fears surrounding an AI bubble wiped $2.5 trillion from Wall Street's market capitalization, erasing the gains previously generated during the post-election rally.
The downward momentum follows intense pressure on risk assets, with the Nasdaq Composite plunging 3.1% and the S&P 500 sliding 1.7% during trading on November 5, 2026. Despite the volatility, US spot Bitcoin ETFs attracted $74.6 million in net inflows on November 4, 2026, based on Farside Investors data.
The US Nonfarm Payrolls and Unemployment Rate are scheduled for release on November 6, 2026, providing a critical catalyst for Bitcoin as it tests current technical support levels.