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Asian markets lose over $1 trillion as tech selloff hits; Bitcoin holds near $75K despite 6% drop.

Market News
06 Nov 2026, 07:30 WIB
Bitcoin
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Bearish
Asian markets lose over $1 trillion as tech selloff hits; Bitcoin holds near $75K despite 6% drop.

Asian stock markets plunged on Nov. 6, with South Korea's KOSPI falling 9% and triggering a trading halt, Japan's Nikkei entering a bear market, and Taiwan's TAIEX dropping 9%. The selloff erased over $1 trillion across Korea, Japan, and China, driven by a sharp Nasdaq 100 drop of 6.4% after U.S. midterm elections. Bitcoin fell about 6% to around $75,600 but showed relative resilience compared to tech stocks. Market watchers are closely monitoring if Bitcoin can hold the $75,000 level amid ongoing volatility and options expiry, which could signal a decoupling from tech sector weakness.

Bitcoin's recent price action is provided here as context for readers. As of Nov 06, 2026 11:51 WIB, 46 of 50 major cryptocurrencies on Pluang fell, with Ethereum down 8.47% at Rp40.349.295 and Stellar down 8.38% at Rp2.789. The typical hold time on Pluang for Ethereum is 108 days, and sell orders dominate at 82%.

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