Gate Research: Bitcoin Falls Below $76,000 as AI Stock Rout Triggers Over $1 Billion in Crypto Liquidations

• Stock Market Commentary: The Nasdaq plunged 5.52% amid heavy selling in AI and semiconductor stocks. Hong Kong's Hang Seng TECH Index gained 5.55%, despite southbound net outflows of approximately HK$21.33 billion. South Korea's KOSPI fell 5.28%, with Samsung Electronics and SK Hynix under significant pressure as global risk appetite for technology stocks weakened.

• Crypto Market Commentary: The technology stock selloff and concentrated derivatives liquidations triggered widespread deleveraging. BTC fell 5.70% to 76,037.4 USDT, while ETH declined 7.70% to approximately 2,235 USDT. Both broke key support levels, weakening their short-term outlook.

• Trending Tokens: DESSA, ELSA, and DACITYCOIN gained 114.72%, 59.38%, and 45.10%, respectively, driven by AI voice technology, DeFAI applications, and short-term momentum trading, highlighting selective strength in emerging narratives.

• Alpha Insights: The AI stock rout triggered over $1 billion in crypto liquidations within 24 hours. Circle reported third-quarter revenue of $865 million, with USDC onchain transaction volume growing 49% year over year. The EU is set to implement significant e-money token supervision for USDC on November 12, bringing stablecoin compliance and payment infrastructure into focus.

Discover more details today → Gate Research: Bitcoin Falls Below $76,000 as AI Stock Rout Triggers Over $1 Billion in Crypto Liquidations

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Disclaimer

Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.

Gate Team
November 6, 2026

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