Crypto · November 5, 2026
Bitcoin erases post-election gains as Wall Street selloff triggers over $1 billion in crypto liquidations
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Major U.S. stock indices and cryptocurrency markets fell sharply on Thursday, with the S&P 500 dropping 3.8% and the Nasdaq experiencing a significant selloff. The downturn, which followed recent record highs, was largely attributed to concerns regarding AI investment returns and the impact of a Democratic midterm sweep. The selloff affected approximately 201,000 traders, with long positions accounting for roughly 89% of the losses.
Read the original coverage
- DecryptCrypto trade press
S&P 500 Plunges, Wall Street Fears Circuit Breaker, Just One Day After Trump Celebrated Record Highs - Decrypt
Read at Decrypt ↗ - CryptoSlateCrypto trade press
Bitcoin crashes below $76,000 as AI bubble fears wipe $2.5 trillion from Wall Street
Read at CryptoSlate ↗ - The BlockCrypto trade press
Bitcoin erases post-election gains as Wall Street selloff triggers over $1 billion in crypto liquidations
Read at The Block ↗
Hype check
How the hype check worksConfirmed · 1
Backed by filings, on-chain data, official statements or several independent publishers.
- The S&P 500 fell 3.8% on Thursday (Decrypt)
Claimed · 1
Said by a company, project or person; not yet independently confirmed.
- Democratic midterm sweep intensified AI spending concerns (CryptoSlate)
Speculation · 1
Price talk, forecasts or unnamed sources, quoted as someone else's view.
- Growing doubts over AI returns raise questions about Bitcoin recovery (CryptoSlate)
Reported by multiple outlets
- The S&P 500 and tech stocks experienced a sharp decline on Thursday
Reported by only some outlets
- Decrypt reports the S&P 500 sank 3.8%
- CryptoSlate notes that approximately 201,000 traders were affected by liquidations
- The Block reports Ethereum fell 7%
- CryptoSlate attributes the market concerns to the Democratic midterm sweep
Industry-friendly coverage frames it as…
emphasize the massive scale of liquidations for leveraged traders and the correlation between traditional tech stocks and crypto markets
Skeptical / consumer coverage frames it as…
highlight the volatility of Bitcoin and the potential fragility of the AI-driven market rally
Numbers that differ
- Bitcoin Intraday Low: reported by CryptoSlate at $75,568 and by The Block at $75,700
- Total Liquidations: reported by CryptoSlate as over $1 billion and by The Block at $1.03 billion
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CadNews does not determine absolute truth or endorse political viewpoints. It compares publicly available reporting, identifies shared facts, highlights framing differences, and flags uncertainty.