EL7.AI
CryptoMedium•5 November 2026•
1 min read

Bitcoin Drops Toward $77K as S&P 500 Slides 1.7%

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 retreated toward the $77,000 level as the S&P 500 index dropped by 1.7%. According to coinpaper.com, AI stocks experienced a widespread sell-off that erased gains previously generated during the post-election rally.

The downward movement follows broader pressure on risk assets, with the Nasdaq Composite plunging 3.1% during trading on November 5, 2026. Despite the market volatility, US spot Bitcoin ETFs attracted $74.6 million in net inflows on November 4, 2026, according to Farside Investors data.

Market participants are looking ahead to the release of US Nonfarm Payrolls and the Unemployment Rate on November 6, 2026. Technical levels suggest that $75,000 remains a major psychological support for Bitcoin if the current selling pressure intensifies.

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