Bitcoin fell nearly 6% from above $80,000 to around $76,000 amid weak chip company results and concerns over tighter data-center regulations by a Democratic-controlled Congress. Investors also pulled about $430 million from U.S. spot Bitcoin ETFs, signaling reduced risk appetite. Analysts caution that the recent rebound is only relief from selling pressure, not a confirmed recovery, and suggest monitoring stock performance, ETF flows, and geopolitical factors for future confidence in Bitcoin's price.
Bitcoin's recent trading shows a significant outflow of about $430 million from U.S. spot Bitcoin ETFs, indicating reduced risk appetite. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Nov 08, 2026 14:01 WIB: out of 50 major cryptocurrencies, 11 rose and 38 fell. Notable movers include THETA with a 1-day change of -3.34% and 100% buy order activity, VET down 3.10% with a near-even sell/buy split, and KSM down 2.77% with 100% buy order activity.
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