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Bitcoin drops 3.5% in an hour amid Nasdaq chip stock sell-off and $560M liquidations

Market News
05 Nov 2026, 19:13 WIB
CryptoTicker
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Bearish
Bitcoin drops 3.5% in an hour amid Nasdaq chip stock sell-off and $560M liquidations

Bitcoin fell sharply from $78,767 to $75,986 within an hour on November 5, 2026, triggered by a sell-off in Nasdaq chip stocks that dragged the tech-heavy index down nearly 4%. This caused forced liquidations of over $560 million in leveraged long positions, amplifying the decline. Ethereum and other altcoins also dropped more steeply, with Ethereum falling over 6%. Investors should watch key support at $75,600 and resistance near $80,000, while upcoming US jobs data and Bitcoin options expiry on Friday could influence further price moves.

Bitcoin price moves provide context for readers. On November 6, 2026, 45 of 50 major cryptocurrencies on Pluang fell. Notable decliners include VET down 8.80%, EGLD down 8.57%, and CRV down 8.37%, as of 00:02 WIB.

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