Bitcoin’s post-midterm rally reverses amid a tech-stock selloff
Bitcoin gave up a brief post-midterm advance as Wall Street technology shares fell sharply, leaving the crypto market in a risk-off phase.
Bitcoin gave up a brief post-midterm advance as Wall Street technology shares fell sharply, leaving the crypto market in a risk-off phase. Bitcoin (BTC) is trading at ₹71,91,432 ($76,070.00), down 0.2% since this brief published. This is an original Token Times brief based on reporting by BeInCrypto, with live market data added, as of Fri, 06 Nov 2026 02:00:01 UTC.
The reversal shows Bitcoin trading as a high-beta risk asset during equity weakness, with its recovery above $80,000 proving temporary as broader conditions deteriorated.
- Bitcoin briefly traded above $80,800 after Tuesday’s U.S. midterms.
- BeInCrypto reports a retreat toward $75,500 on November 5.
- BTC is now $76,202, down 5.33% over 24 hours.
- The Fear & Greed Index stands at 28, indicating fear.
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- Bitcoin’s post-midterm rally reverses amid a tech-stock selloff — this brief
Bitcoin’s election-driven rally lasted less than a day, according to BeInCrypto. The asset climbed above $80,800 following Tuesday’s U.S. midterms before reversing toward $75,500 on Thursday, November 5, surrendering the gains that had extended into Wednesday.
The reported reversal coincided with Wall Street’s worst technology-stock selloff in months. BeInCrypto presents the equity weakness as evidence that Bitcoin’s recovery was increasingly fragile, although the supplied coverage does not establish a broader set of independent reasons for the price decline.
BeInCrypto is the sole outlet in this coverage set, so there is no cross-publisher corroboration of the reported price levels or the connection with the technology selloff. Its account focuses on the speed of the reversal after the midterms-related advance rather than on any Bitcoin-specific event.
Live data place Bitcoin at $76,202, down 5.33% over 24 hours and 2.06% over seven days. Its market capitalization is $1.53 trillion, while the total crypto market capitalization stands at $2.63 trillion amid broadly negative conditions. The Fear & Greed Index is at 28, corresponding to fear. The levels to monitor are whether Bitcoin can remain above the reported November 5 area near $75,500 and whether it can recover the $80,800 threshold breached after the midterms.
Since this brief published about 2 hours ago, Bitcoin (BTC) has moved from ₹72,03,910.84$76,202.00 to ₹71,91,431.95$76,070.00 — -0.17%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Will Bitcoin dip to $70,000 by December 31, 2026?
Crowd-implied probability on Polymarket, ₹14.42M 24h volume, resolves Jan 1 — snapshotted when this brief published (Nov 6 01:05 UTC). A market price reflects what traders collectively expect; it is not a forecast by Token Times and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 BTC ≈ ₹7.71M (about $76,070.00), down 5.7% over 24 hours. The rupee itself trades about 7.3% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Bitcoin’s post-midterm rally reverses amid a tech-stock sell — questions & answers
How far did Bitcoin rise after the U.S. midterms?
BeInCrypto reports that Bitcoin climbed above $80,800 following Tuesday’s U.S. midterms before the rally reversed.
Why did Bitcoin’s rally reverse so quickly?
The reversal coincided with Wall Street’s worst technology-stock selloff in months, which BeInCrypto describes as exposing the fragility of Bitcoin’s recovery.
Where is Bitcoin trading now?
Bitcoin is at $76,202, down 5.33% over 24 hours and 2.06% over seven days, while the Fear & Greed Index stands at 28.
How much is 1 Bitcoin worth in rupee today?
About ₹7.71M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $76,070.00. The rupee price moves with both BTC's US-dollar price and the USDT/INR rate; use our Bitcoin in rupee page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is down 0.17% since this brief first published — trading at ₹71,91,432 ($76,070.00) now versus ₹72,03,911 ($76,202.00) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from BeInCrypto. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.