CryptoMedium•5 November 2026•
1 min read
Bitcoin Erases Post-Election Gains as Market Liquidations Hit $1 Billion
Key Facts
1Bitcoin erased its post-election gains as a broader Wall Street selloff triggered massive liquidations.
2Total liquidations in the crypto market reached $1 billion following the price decline.
Bitcoin erased its post-election gains as a broader Wall Street selloff triggered massive liquidations. Crypto Briefing reported that total liquidations in the crypto market reached $1 billion following the price decline, reversing the recent upward momentum.
The downturn was driven by a selloff in traditional equity markets and AI stocks, leading to the forced liquidation of leveraged long positions. This shift reflected a broader risk-off sentiment in financial markets observed on November 5, 2026.