Bitcoin Drops Below $76K as Crypto Liquidations Top $1B
Bitcoin plunged below $76,000 on November 5, losing more than 5% as a sharp sell-off in U.S. technology stocks spread across cryptocurrency markets and triggered over $1 billion in leveraged position liquidations. Ethereum dropped approximately 7.5% to $2,250, while Solana fell nearly 8% to $89. XRP declined more than 6%, BNB lost roughly 4%, and several smaller cryptocurrencies suffered steeper losses as investors reduced exposure to riskier assets.