Bitcoin falls below $77,000 as a Nasdaq chip sell-off sets off a liquidation wave

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Bitcoin dropped from $78,767 to $75,986 within an hour on November 5, and Ether lost more than 6 percent. A sell-off in chip stocks on the Nasdaq set it off, and forced liquidations of more than $560 million deepened the slide.Bitcoin falls below $77,000 within an hour on November 5, 2026.Add as a preferred source on GoogleFollow on Google NewsBitcoin fell from $78,767 to $75,986 within an hour on Thursday afternoon, a drop of about 3.5 percent in 60 minutes. Over 24 hours the loss stands at 5.3 percent; in euro terms Bitcoin trades at around €67,900 (CoinGecko, as of Thursday afternoon). The trigger was a sell-off in chip stocks on Wall Street that pushed the Nasdaq down almost four percent and set off a wave of forced liquidations in the crypto market. For investors in Germany this is above all a question of their own position. Anyone holding without leverage loses book value but no coins. Anyone who went long with leverage may already have been closed out in that hour. And an...