Home
Cryptocurrency
Cryptocurrency News
Bitcoin Falls Below $76,000 as Global Equity Sell Off Triggers $1.08 Billion in Crypto Liquidations

Bitcoin Falls Below $76,000 as Global Equity Sell-Off Triggers $1.08 Billion in Crypto Liquidations

Weakness in AI and semiconductor stocks rattles risk appetite, while leveraged crypto traders face heavy liquidations

Written by Rahul Dhingra, Edited by Rohan Pal | Updated: 6 November 2026 11:51 IST

Bitcoin Falls Below $76,000 as Global Equity Sell-Off Triggers $1.08 Billion in Crypto Liquidations

Photo Credit: Unsplash/Jonathan Borba

Major cryptocurrencies retreat as global financial markets experience renewed selling pressure

Click Here to Add Gadgets360 As A Trusted Source

Highlights

Leveraged bullish positions account for most crypto liquidations
Bitcoin ETFs attract $74.6 million in Wednesday inflows
Analysts identify $75,000 as a crucial Bitcoin support level

Bitcoin was trading at Rs. 70.9 lakh) on Friday as cryptocurrency markets faced renewed selling pressure following a sharp decline in global equities, particularly technology and artificial intelligence (AI) stocks. Ethereum (ETH) was priced at Rs. 2.08 lakh, while major altcoins also recorded losses. Market participants said concerns about slowing AI growth, elevated investor leverage, and uncertainty over the Federal Reserve's December interest-rate decision weakened risk appetite. According to CoinGecko data, Bitcoin traded at $75,600 (roughly Rs. 71.1 lakh), while Ethereum was priced at $2,220 (roughly Rs. 2.08 lakh).

The world's largest cryptocurrency fell 6 percent in the last 24 hours, according to the Gadgets 360 price tracker. Analysts said Bitcoin's 6 percent decline on Thursday erased its post-election recovery, while the Nasdaq fell 4.7 percent and cryptocurrency liquidations reached $1.08 billion (roughly Rs. 10,176.84 crore). The S&P 500 fell 4.4 percent, and the Nasdaq dropped 5.5 percent on November 5, while gold gained 1 percent to $4,100 (roughly Rs. 3.8 lakh) an ounce.

Crypto Markets Discussion

Explore More...

Major Altcoins Face Selling Pressure on Friday

Binance Coin (BNB) was priced at $690 (roughly Rs. 64,900), while Solana (SOL) traded at $89 (roughly Rs. 8,300). XRP was priced at $1.2 (roughly Rs. 112), while Dogecoin (DOGE) traded at $0.071 (roughly Rs. 6.5).

Bitget Launches Open Custody Network for Trading Without Exchange Custody

Technology Stock Sell-Off and Liquidations Weigh on Crypto Markets

Discussing the impact of weakness in AI and semiconductor stocks on cryptocurrency markets, the CoinSwitch Markets Desk said, “Weakness across AI and semiconductor stocks is dragging on overall market mood, with worries about slower AI growth, possible limits on data-center builds, and high investor leverage fueling the equity sell-off. Bitcoin has slipped back to $76,000 (roughly Rs. 71.6 lakh) amid the pressure. Crypto has held up better than many risk assets, yet BTC's inability to hold gains above $80,500 (roughly Rs. 75.86 lakh) points to still-limited buying interest in the near term.”

Highlighting Bitcoin's decline, cryptocurrency liquidations and institutional investment flows, Prateek Gupta, Head of Business at Mudrex, said, “Bitcoin has lost ground to trade near $76,000 (roughly Rs. 71.61 lakh), with Thursday's 6 percent decline wiping out the gains made after the US midterm elections. Bitcoin had earlier moved above $80,000 (roughly Rs. 75.3 lakh) following the election results. Institutional flows offered some support, as US spot Bitcoin ETFs attracted $74.6 million (roughly Rs. 702.96 crore) on Wednesday, though BlackRock's IBIT recorded its fourth consecutive day of outflows.”

Commenting on the broader market decline, altcoin performance and investor strategy, Vikram Subburaj, CEO of Giottus.com, said, “Bitcoin and the broader crypto market are facing renewed selling pressure as investors reassess risk following a sharp sell-off in global equities [...] Avoid chasing rebounds. Stagger investments, keep position sizes modest and watch Bitcoin's $75,000 (roughly Rs. 70.6 lakh) support level, ETF flows and US economic data before taking fresh exposure.”

XRP Ledger Patches Bug That Threatened Token Minting Security

Overall, analysts said US spot Bitcoin ETFs attracted $74.6 million (roughly Rs. 702.96 crore) on Wednesday, but continued withdrawals from BlackRock's IBIT and uncertainty surrounding the Federal Reserve's December policy outlook remain concerns. Investors are also monitoring upcoming US economic data for indications of the central bank's next interest-rate decision. Bitcoin's ability to hold support around $75,000 (roughly Rs. 70.67 lakh) will be important for preventing further losses, while a sustained recovery above $80,000 (roughly Rs. 75.38 lakh) could signal improving momentum.

Crédit Mutuel Arkéa Faces EUR 118 Million Hack, Funds Moved Into Crypto

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.

Cryptocurrency Prices across Indian exchanges

Comments

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Further reading: Crypto markets, Crypto Prices, Bitcoin, Ethereum

Rahul Dhingra

Email Rahul Dhingra

Rahul Dhingra is a crypto writer at Gadgets 360, where he covers the exciting world of Cryptocurrency, Blockchain, Defi and Web3. Before joining Gadgets 360, he worked as a content specialist for a European-based Crypto Exchange. Rahul loves storytelling, not just through the written word but also through the visual medium. Beyond his professional life, Rahul is a sports fanatic. Whether it’s cricket or football, his passion for the game is contagious. More