# Bitcoin falls 6% to $75,463, a 7-week low, as Nasdaq tech sell-off wipes out midterm gains

Source: Searchable (https://searchable.pk/news/crypto/bitcoin-falls-6percent-to-dollar75463-a-7-week-low-as-nasdaq-tech-sell-off-wipes)
Type: News article
Author: Searchable Editorial
Published: 5 Nov 2026
Updated: 5 Nov 2026
Retrieved: 6 Nov 2026

> About Rs 20.9 million a coin at the low. Nearly $500 million of crypto bets were liquidated in the first hour of US trading, and ether fell 7%.

**Bitcoin price today** fell more than 6% to **$75,463** on Thursday 5 November, its lowest level since 16 September, as US stocks reversed the rally that followed the midterm elections, [Cointelegraph reported](https://cointelegraph.com/markets/bitcoin-price-crashes-7-week-low-stocks-election-gains) from TradingView data on Bitstamp. At the interbank dollar rate of about Rs 276.67, that low is roughly **Rs 20.88 million** for one bitcoin.

The fall came at the Wall Street open, which in Pakistan was **7:30 pm PKT**.

## What happened

- **Stocks turned:** the tech-heavy Nasdaq Composite lost more than 4% and the S&P 500 fell 2.7%, after two days of gains on the Democrats' sweep of the House and Senate. Traders sold technology and AI shares on worries that a Democratic Congress will be less friendly to data centres and AI spending.
- **Leverage was flushed out:** close to **$500 million** of crypto positions were liquidated in the first hour of US trading, and 24-hour liquidations neared **$850 million**, according to CoinGlass figures cited by Cointelegraph.
- **The rest of the market fell harder:** ether was down about 7% at **$2,250** (about Rs 622,500), and solana, XRP, cardano and dogecoin each lost between 5% and 7% on the day.
- **Oil rose:** Brent climbed about 2.5% towards $97 a barrel on reports of new attacks on tankers in the Middle East, which added to the risk-off mood.

## The level traders are watching

Bitcoin briefly slipped below its **50-week moving average, about $75,733**, a level that has acted as support. Analyst Rekt Capital noted that bitcoin is repeating a pattern from May, when weeks of trading around $80,000 ended in a slide to $57,000 by late June. That is one reading of a chart, not a forecast.

Only on Tuesday and Wednesday, bitcoin had climbed back above $80,000 on the election result. Thursday's drop took it back to the bottom of its one-month range.

## What it means for you in Pakistan

- **Prices in rupees move with two things:** the dollar price of bitcoin and the rupee's rate. Our [bitcoin price page](/data/btc-usd) tracks the dollar price with history, and the [currency converter](/tools/finance/currency-converter) does the rupee sum at today's rate.
- **Leveraged trading is where the losses were.** Liquidations hit traders who borrowed to bet on price moves: a 6% move against a 15x leveraged position wipes it out.

This is a market report, not investment advice.

## Frequently asked questions

**What is the bitcoin price in Pakistan today?**

Bitcoin fell to $75,463 on 5 November 2026, about Rs 20.88 million at an interbank rate of Rs 276.67 to the dollar. Check the live figure on our bitcoin price page.

## Sources

- Bitcoin crashes 6% to 7-week low as US stocks erase election gains (5 Nov 2026) (Cointelegraph): https://cointelegraph.com/markets/bitcoin-price-crashes-7-week-low-stocks-election-gains
- Shares in Musk's SpaceX plunge as tech and AI stocks fall (5 Nov 2026) (BBC News): https://www.bbc.co.uk/news/articles/cmn04705rd8jo

How to cite: "Bitcoin falls 6% to $75,463, a 7-week low, as Nasdaq tech sell-off wipes out midterm gains", Searchable, 5 Nov 2026, https://searchable.pk/news/crypto/bitcoin-falls-6percent-to-dollar75463-a-7-week-low-as-nasdaq-tech-sell-off-wipes