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Bitcoin dips below $77K as US stocks slide, challenging its post-election rally

Market News
05 Nov 2026, 17:31 WIB
Coinpaper
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Bearish
Bitcoin dips below $77K as US stocks slide, challenging its post-election rally

Bitcoin's recent recovery above $80,000 falters amid a sharp selloff in US stocks, with the S&P 500 dropping 1.7% and the Nasdaq plunging 3.1%. The decline in technology shares, especially in AI and semiconductor sectors, has raised concerns about speculative investments, impacting Bitcoin and related mining companies. Despite this, Bitcoin ETFs saw $74.6 million in inflows, though institutional demand remains mixed with significant outflows from BlackRock. The key technical levels for Bitcoin now are $75,000 as support and $80,000 as resistance, with further moves depending on market stability and investor confidence.

Bitcoin's recent price movement is presented here with Pluang's market data for context. As of Nov 05, 2026 21:51 WIB, 15 out of 50 major cryptocurrencies rose while 34 fell. Notable movers include BAL up 11.14% at Rp16.297, ZIL down 9.62% with a 99% buy order activity, and EOS up 8.13% at Rp12.649, reflecting diverse market dynamics.

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