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Bitcoin dips below $75K amid global tech sell-off and economic data surprises.

Market News
06 Nov 2026, 18:50 WIB
Bitcoin
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Bearish
Bitcoin dips below $75K amid global tech sell-off and economic data surprises.

Bitcoin briefly fell below $75,000, its lowest since August 21, as a global sell-off in technology stocks spread across markets. The drop was driven by concerns over AI spending risks, tighter financial conditions, and stronger-than-expected U.S. payroll data, which complicates expectations for Federal Reserve rate cuts. Despite the dip, bitcoin found support near $75,000, though resistance at $76,000 led to repeated sell-offs. Analysts warn that ongoing market pressures from AI investment uncertainties and regulatory risks could weigh on markets into 2027, with investors shifting toward safer assets like money market funds.

Bitcoin trades at Rp1.373.237.335 on Pluang as of Nov 07, 2026 00:02 WIB, down 1.17% in the last day. Market activity shows 64% sell orders and 36% buy orders, with a typical hold time of 113 days. The circulating supply is 20.1 million BTC, close to the maximum 21 million coins.

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