Key Highlights

  • Bitcoin fell about 5.7% to near USD 75,855 over 24 hours, and a Friday quote showed USD 75,938.24, down 5.44% or USD 4,364.46 on the day.
  • Ether dropped about 7.75% to near USD 2,235, while Coinbase shares fell 9.69% on Thursday, November 5, 2026, in a single market wrap.
  • Bitcoin is roughly 41% below its record of USD 128,198 set on October 6, 2025, a calculated drawdown from the two figures.
  • The Nasdaq Composite fell 5.52% on Thursday, and crypto moved with the tech selloff, though a published six-week-low claim could not be verified.

Bitcoin Slips Below USD 76,000 With the Nasdaq

Bitcoin fell below USD 76,000 as technology shares slumped on November 5 and 6, 2026. A market wrap put the decline at about 5.7% over 24 hours near USD 75,855, and a Friday quote showed USD 75,938.24, down 5.44%. Using the Friday quote, the prior level was about USD 80,303, a calculated figure. Ether fell about 7.75% to near USD 2,235, a single-source reading. Coinbase dropped 9.69% on Thursday, also from one wrap. A claim that the price is near a six-week low could not be verified here. The drop mirrors the Equity move, since the Nasdaq Composite lost 5.52% on Thursday, and Bitcoin tends to trade as a Risk Asset when Volatility jumps.

How iShares Bitcoin Trust ETF Tracks the Price

iShares Bitcoin Trust ETF (NASDAQ:IBIT) holds bitcoin and issues shares that follow its price, minus fees. Authorized participants create or redeem shares, which links the fund to the spot market and brings crypto into brokerage accounts. No verified price move or flow figure for iShares Bitcoin Trust ETF (NASDAQ:IBIT) was found, so none is cited. Its value depends on bitcoin, which has been moving with the Nasdaq. The Composite fell 5.52% on Thursday and the Nasdaq-100 lost 6.36%, the worst session since April 2025, as chip stocks slid on data-center worries. Because bitcoin trades continuously while the fund trades only during exchange hours, the fund can open with a gap that reflects overnight crypto moves. That gap risk is one reason a fund price and a Spot Price can briefly diverge.

Drawdown, Correlation and Risks for Crypto Holders

Bitcoin is about 41% below its USD 128,198 record from October 6, 2025, a calculated drawdown, which shows how far prices can fall in a year. Correlation with tech shares can rise during stress, so Diversification is not assured. Coinbase earns fees on trading, which tends to fall when prices slump, a mechanism rather than a reported figure for this quarter. The October jobs report arrives before the open on Friday, and futures were mixed. iShares Bitcoin Trust ETF (NASDAQ:IBIT) investors also face tracking costs, custody and regulatory risk. Crypto trades around the clock, so weekend moves can differ from the regular session. Fees, tracking differences and taxes also affect what a holder keeps, and past price swings do not predict future ones. Anyone sizing a position should consider that bitcoin has fallen by more than 40% from its high and remains volatile.

Where Things Stand

Bitcoin slid because risk assets sold off together, not because of a verified crypto-specific event. The fall of about 5.7% to near USD 75,855 followed a 5.52% Nasdaq drop, and iShares Bitcoin Trust ETF (NASDAQ:IBIT) investors hold an instrument that follows that price. Ether and Coinbase fell harder, though those figures come from a single wrap. The six-week-low claim is unverified. Next markers are Friday trading, the jobs report, equity futures and whether bitcoin holds the USD 75,000 area, which is a level only, not a forecast. No fund-specific flow data was verified, so net buying or selling in the ETF cannot be described.