Bitcoin drops below $77,000 as tech stock selloff erases post-election gains
AI summary
Bitcoin fell below $77,000 on Thursday, Nov. 5, 2026, dropping from $81,105 to $76,059 on Bitstamp, a loss of $5,046 from its Nov. 4 peak. The selloff accelerated around 10 a.m. Eastern as semiconductor and technology stocks weakened, erasing Wednesday's post-election recovery. Traders are now watching the $75,600 to $76,000 support zone, making it the key level to hold to avoid further downside.
