Bitcoin slips to $75,800 as crypto sells off, November 5, 2026
Bitcoin fell 5.2% and ether 7.7% in 24 hours as US election fallout drove about $1.03 billion in liquidations, while sentiment cooled to neutral.
Crypto markets fell sharply over the past 24 hours. Bitcoin traded near $75,848, down 5.2%, and ether sat around $2,230, down 7.7%. Wu Blockchain tied the move to a wider sell-off in US stocks and crypto after Democrats swept Congress, which raised fears of tighter AI regulation and of probes into Trump family crypto ventures.
How the market moved
The losses were broad. Among major tokens, SUI fell the most at 8.2%, followed by LTC at 7.2% and ADA at 7.1%. XRP lost 6.3% to about $1.22, HYPE dropped 6.5% to roughly $77.60, and SOL slid 5.3% to near $89.52.
A few names held up better. BNB eased 3.9% to about $688, DOT fell 3.5%, and TRX was nearly flat at $0.318, down 0.4%.
Wu Blockchain reported that about $1.03 billion in crypto liquidations hit roughly 198,000 traders over 24 hours, with long positions making up most of the losses. Its figures for bitcoin (about $75,700) and ether (about $2,248) differ slightly from the live prices above, which reflect a later snapshot.
Security and policy stories
Security headlines added to the cautious tone. According to Cryptopolitan, Fed and OCC supervisors began phoning US banks on November 2 to check for service disruptions after what it called a $6.3 billion Binance hack. One bank reported no interruptions. Separately, The Defiant reported that Binance revoked API keys for the trading-tools provider SignalPlus after a security warning. Users were told to check positions and open orders directly on Binance and to wait for confirmation of a full resolution before reconnecting.
CryptoSlate reported that French bank Arkéa resumed transfers after an attack reported at $133 million, but has not confirmed any crypto loss. A separate $108.8 million USDC trail has not been tied to the bank. Vitalik Buterin told Moneycontrol, as relayed by Wu Blockchain, that exchanges should put survival ahead of competition for the next two years, and warned that more breaches could bring stricter regulation.
On policy, CryptoSlate cited a November 4 post by Eleanor Terrett saying House Democrats are discussing a broader market structure bill after the CLARITY Act stalled. The reported ideas would enlarge the SEC's role and shrink the CFTC's. Outside the US, CryptoSlate said Hong Kong will require crypto providers to collect customer trade data from 2027, ahead of CARF information exchanges in 2028. South Korea plans to tax digital asset gains from 2029, according to unfolded, though details are thin.
Mood and what to watch
The Fear & Greed index read 48, Neutral. That is down from 55 yesterday and 64 a week ago. Not all flows were negative: Wu Blockchain said US spot bitcoin ETFs took in $74.57 million on November 4, led by Fidelity's FBTC, and spot ether ETFs added $53.02 million, ending five straight days of outflows. Those figures are from the day before the latest drop.
Traders may want to watch for confirmation of any crypto loss at Arkéa and any effect on USDC flows, and for word that SignalPlus-linked automation has been restored on Binance. Details of the Democratic market structure proposals and of South Korea's tax rules are also still to come.
Sources
- French bank resumes transfers after $133 million attack but leaves crypto loss unconfirmed CryptoSlate
- Why Major US Companies Are Pushing Back Against Stock Tokenization: MEXC CEO Bitcoin.com News
- Binance Revokes SignalPlus API Keys After Security Warning The Defiant
- South Korea to introduce taxes on digital assets in 2029 — link | AI comment unfolded
- Vitalik: Crypto Exchanges Must Prioritize Survival Over Competition in the Next Two Years Wu Blockchain
- OpenAI says its AI can break into Linux at scale. Here's what it means for crypto CoinDesk
- US Stocks and Crypto Plunge as Democratic Sweep Fuels AI Regulation Fears Wu Blockchain
- Google could take stake in bitcoin miner TeraWulf’s $19 billion AI project if Anthropic defaults CoinDesk
Written with AI assistance from the sources above and checked against them. Not investment advice.