CryptoMediumUpdated×3•Originally published 5 November 2026•Updated 5 November 2026•
1 min read
Bitcoin Drops From $80,800 Level as Chip and AI Stocks Slump
Key Facts
1Bitcoin price dropped more than 5% to near $76,000 following the opening of U.S. trading.
2Ether fell below the $2,300 level amid a broad market sell-off.
Bitcoin price dropped from levels above $80,800 to approximately $76,600 during trading on November 5, 2026. The decline was driven by a broad selloff in chip and AI stocks, which led to a 4.2% fall in the Nasdaq Composite and intensified selling pressure across digital asset markets.
Nearly $500 million in crypto positions were liquidated during the first hour of U.S. trading on November 5, 2026. Ether fell below the $2,300 level during the session, while Bitcoin briefly touched the $76,100 mark following the market open.
Latest Updates · 1
- Notable·
Update: Bitcoin's drop triggered $370 million in liquidations on November 5, 2026. This coincided with heavy selling pressure on Wall Street, where the Nasdaq Composite index fell by as much as 3.9%.