Bitcoin Drops Under $76.5K – Crypto Gives Back Its Rally

Bitcoin fell to about $76,457 on Thursday, November 5, 2026, giving back nearly all of the gain it had made a day earlier after Democrats won both chambers of Congress. CoinGlass data at 15:25 UTC showed $460.51 million in liquidations during the previous hour, $432.73 million of it from long positions, which are bets on rising prices; a liquidation is the automatic closure of a leveraged position once losses exhaust the trader's collateral. Bitcoin had climbed above $80,000 by 03:00 UTC Thursday. US stocks reversed at the same time, with the Nasdaq down 3.6%.