The Bitcoin price reversed its November 4 rally on November 5 as AI-linked stocks tumbled and crypto long positions were liquidated. Decrypt reported Bitcoin fell nearly 5% and about $428 million in crypto long positions were liquidated in one hour. The decline brought Bitcoin back toward its pre-rally level. These moves happened at the same time, but the reports do not prove that one event caused Bitcoin’s drop.
US equities also retreated as investors questioned returns on AI infrastructure spending. Democrats’ wins in both chambers of Congress raised policy questions, according to Decrypt. The reporting describes overlapping market and political developments, not a single confirmed cause for the crypto selloff.
- Bitcoin fell to about $76,500 on November 5, according to Decrypt, after moving above $80,000 a day earlier.
- Decrypt reported roughly $428 million in crypto long liquidations in one hour on November 5. On November 4, about $378 million in short positions were liquidated in one hour.
- As of 12:26 p.m. Eastern on November 5, the S&P 500 was down 3.5%, the Dow 1,433 points, or 2.7%, and the Nasdaq Composite 4.7%, the Associated Press reported.
- At 18:13 UTC, CoinGecko data showed Bitcoin at $75,994, down 5.7% over 24 hours, and Ether at $2,254.01, down 7.34%.
- Reuters reported that the Nasdaq had fallen more than 10% from its October 6 record close amid concerns about AI spending.
Timeline of the Bitcoin price reversal
- November 3: Democrats won control of both chambers of Congress in the midterm elections, Reuters reported. Decrypt said the results raised fresh policy questions.
- November 4: Major US stock indexes rallied and Bitcoin moved above $80,000. Decrypt reported about $378 million in short positions were liquidated in one hour. It described the Bitcoin rally as partly fueled by traders closing losing bets, rather than a comparable influx of new buyers. The AP reported the S&P 500 gained 1.6%, the Dow rose 1,569.40 points, or 3%, and the Nasdaq gained 1.4%.
- November 5: AI-linked shares and major indexes dropped. Decrypt reported Bitcoin lost nearly 5% and about $428 million in crypto long positions were liquidated during a one-hour period. CoinGecko recorded Bitcoin at $75,994 at 18:13 UTC.
Background: why the Bitcoin price moved with stocks
On November 5, technology shares and crypto both declined. The Associated Press reported losses of 7.5% for Nvidia, 14.6% for AMD and 12.1% for CoreWeave. The AP linked investor concerns to AI data-center spending and the prospect of pauses in construction.
Reuters, in a report carried by Investing.com, said the Nasdaq had shed more than $2.5 trillion in market value during October and was more than 10% below its October 6 record close of 27,599.89. The report cited worsening sentiment about AI-linked stocks and questions over whether returns would justify infrastructure spending. See the Reuters report on Nasdaq losses and AI spending concerns.
The liquidations show the sharp moves reported over these two days. Decrypt reported one-hour liquidations of short positions during Wednesday’s rise and long positions during Thursday’s decline. Those figures concern the reported liquidations, not all trading activity.
| Asset | Price at 18:13 UTC, Nov. 5 | 24-hour change |
|---|---|---|
| Bitcoin | $75,994 | -5.7% |
| Ether | $2,254.01 | -7.34% |
CoinGecko supplied the point-in-time data. Bitcoin’s 24-hour range was $75,573 to $80,882, while Ether’s was $2,239.79 to $2,441.85. The ranges and percentage changes describe different measures of the same 24-hour period; the prices are snapshots from 18:13 UTC.
Reactions to the election and AI selloff
Reuters quoted FHN Financial macro strategist Will Compernolle saying investors were still digesting the election. He said the outcome raised questions about the path of AI investment and noted a shift away from chipmakers and toward Treasury bonds. His remarks describe investor concerns and market movement, not a confirmed explanation for Bitcoin’s price change.
Reuters also reported that President Donald Trump accepted the midterm results in a Fox News interview and said he would work with Democrats on issues including immigration, while warning he would veto bills he called “insane.” The reporting does not establish a direct policy decision as the cause of Bitcoin’s decline. Reuters’ midterm coverage is available in its report on Democrats winning both chambers.
Decrypt’s account of the back-to-back liquidations provides context: Wednesday’s rally was partly powered by traders closing losing short bets, while Thursday’s market saw long positions liquidated. The Crypto Fear & Greed Index was 50, classified as Neutral, on November 5, according to Alternative.me. That reading is a sentiment measure, not evidence of what prices will do next.
Outlook: what to watch next
The supplied data documents a November 5 selloff and gives a Bitcoin low of $75,573 for the 24-hour period ending with the CoinGecko snapshot. It does not establish whether technology shares or Bitcoin will stabilize, or provide a reliable next price level. Reuters’ reporting identifies questions about AI investment returns, while political coverage records the change in congressional control and reactions to the result. Neither establishes what market prices will do next.
For comparison, the AP reported that the November 4 rally lifted the S&P 500 by 1.6%, the Dow by 1,569.40 points, or 3%, and the Nasdaq by 1.4%. Its November 5 report recorded losses across those indexes and AI-linked stocks. The dated figures show the reversal in US equities alongside Bitcoin’s decline, without proving a direct causal link.
FAQ
Why did the Bitcoin price fall on November 5?
Bitcoin declined as AI-linked stocks and major US indexes sold off. Decrypt also reported $428 million in crypto long positions were liquidated in one hour. The reports describe overlapping developments, not a single proven cause.
How much was Bitcoin worth on November 5, 2026?
CoinGecko recorded Bitcoin at $75,994 at 18:13 UTC on November 5, down 5.7% over 24 hours. Prices change continuously, so this is a dated snapshot.
What does a crypto long liquidation mean?
In Decrypt’s report, the term refers to crypto long positions that were liquidated. The article reported about $428 million in such liquidations in one hour on November 5. It does not provide details about individual traders or positions.
Sources
- Nasdaq set to confirm correction as AI spending worries mount (www.investing.com)
- Democrats seize Congress in sweeping midterm repudiation of Trump (www.investing.com)
- Bitcoin Erases Election Rally as AI Stocks Plunge, $428 Million in Crypto Longs Get Wiped Out (Decrypt)
This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrencies are highly volatile; always do your own research before investing.
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