Markets

Bitcoin Drops Below Pre-Election Levels as Broad Selloff Triggers Over $1 Billion in Crypto Liquidations

November 5, 2026, 8:11 PM UTC (2 hours ago) · 1 source · Summarized by CryptoBipto

Bitcoin fell sharply, erasing gains it had accumulated following the previous election cycle, as a broader Wall Street selloff spread into cryptocurrency markets. The downturn triggered more than $1 billion in liquidations across crypto trading positions.

WHY IT MATTERS

When the stock market drops sharply, crypto often follows because many of the same investors hold both types of assets.

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SOURCES

theblock.co

BTCBitcoin PriceMarket SelloffLiquidationsLeverage TradingMarket Correlation

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