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Bitcoin drops over 4% amid tech selloff, triggering $574M in crypto liquidations in an hour

05 Nov 2026, 18:41 WIB
Crypto Briefing
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Bearish
Bitcoin drops over 4% amid tech selloff, triggering $574M in crypto liquidations in an hour

Bitcoin fell more than 4% below $77,000 following a sharp selloff in AI and semiconductor stocks, which spread across risk assets and led to over $574 million in crypto liquidations within an hour. Ethereum, Solana, and XRP also declined significantly, dragging the total crypto market cap down 4.6% to around $2.57 trillion. The selloff coincided with steep losses in US tech stocks like Nvidia, Micron, and AMD, driven by concerns over potential regulatory restrictions on AI infrastructure and disappointing semiconductor earnings. This market turbulence reflects growing investor caution about the future of AI data center expansion amid political uncertainty and rising borrowing costs.

As of Nov 06, 2026 00:02 WIB, Bitcoin on Pluang trades at Rp1.385.980.919, down 5.12% in one day, slightly more than the article's noted 4% fall below $77,000. Ethereum shows a steeper decline of 7.07%, priced at Rp41.087.702, while Solana and XRP also fall significantly by 6.78% and 5.60%, respectively. These drops contrast with Bitcoin's still dominant market cap of Rp27.859,37 trillion, highlighting a broader selloff across major crypto assets on Pluang.

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