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Crypto market loses $100B rally as Bitcoin and XRP prices fall amid global tech sell-off

08 Nov 2026, 18:05 WIB
Bitcoin
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Bearish
Crypto market loses $100B rally as Bitcoin and XRP prices fall amid global tech sell-off

The crypto market saw a volatile start to November, initially gaining $100 billion after the U.S. midterm elections but then losing those gains due to a global sell-off in technology stocks. Bitcoin dropped 2.5% from $77,845 to $75,877, while XRP fell over 7%, and NEAR plunged 15%, showing broad weakness in major altcoins. However, some assets like Zcash, Tron, and gold-backed tokens rose, indicating defensive buying. The market's swings were influenced by election outcomes and concerns over proposed crypto regulations and tech sector declines.

Following the crypto market's sharp swings this week, Bitcoin is trading slightly up by 0.31% at Rp1.375.077.265 on Pluang as of Nov 08, 2026 23:21 WIB. XRP shows a modest decline of 0.35%, priced at Rp20.899, while NEAR bucks the trend with a 3.32% gain, reaching Rp67.560. These figures highlight ongoing volatility and mixed investor sentiment on the platform after recent global market events.

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