Bitcoin Erases Election Rally as AI Stocks Plunge, $428 Million in Crypto Longs Get Wiped Out

Decrypt · Thu, 05 Nov 2026 16:29:11 GMT

Hype 30/100 · Market impact 10/100 · Breaking 48/100

Tags: BTC

Bitcoin lost almost 5% as AI stocks fell and Democratic midterm wins created new policy questions; a Wednesday advance that short covering had helped support was wiped out by forced liquidations.

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