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AI summary of a third-party reportBearishNewsDesk

Bitcoin holds near $75,000 as Asian stocks lose over $1tn in a day

South Korea's KOSPI fell as much as 9% on 6 Nov, triggering a circuit breaker, while Japan's Nikkei entered a bear market. Bitcoin slipped about 6% but lost less than tech shares.

Why it matters: A $1tn equity rout in Asia and a 6.4% Nasdaq drop tested Bitcoin's reputation as a hedge, and its smaller fall drew attention to whether it is decoupling from the AI trade.

InvestIn.News NewsDesk · 1 min read
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Picture from Bitcoin.com News for: Bitcoin holds near $75,000 as Asian stocks lose over $1tn in a day
Image: Bitcoin.com News
Original reporting: Shiraz Jagati, Bitcoin.com News

Key points

  • KOSPI fell as much as 9% on 6 Nov, its seventh circuit breaker in 2026, and Taiwan's TAIEX dropped about 9%
  • The Nasdaq 100 fell 6.4% on 5 Nov, wiping out about $2.5tn, after Democrats swept both chambers of Congress
  • Crypto liquidations topped $1.25bn in 24 hours, with almost 90% from long positions

Bitcoin held just above $75,000 on 6 Nov after a selloff in Asian equities erased more than $1tn across the region in a single session, Bitcoin.com News reports. South Korea's KOSPI fell as much as 9%, triggering a circuit breaker that halted trading for the seventh time in 2026, while Taiwan's TAIEX dropped about 9% and TSMC hit its daily limit down.

Market analysts put the regional damage above $1tn, with the KOSPI down 6% for about $203bn, the Nikkei down 6% for about $450bn and the Shanghai Composite down 1.5% for about $210bn.

Bitcoin fell about 6% to roughly $75,600, having touched about $75,200. Macro analyst Alex Krüger noted it was only the second time the Nasdaq fell more than 5% while Bitcoin fell less. UTC on 6 Nov has no call options at or below $75,000.

What to watch: Bitcoin's close relative to $75,000 at the Deribit weekly expiry at 8 a.m. UTC on 6 Nov and through the US open is the level the article says would support the decoupling case.

Read the full story on Bitcoin.com News

Live updates on NewsFeeds:BitcoinDesk editor: Keshav Aggarwal (accountable for this page; this summary was not edited by hand)

How this was produced: an AI model wrote this summary of Bitcoin.com News’s report, which we credit and link above. Read our Editorial and AI policy. Spotted a mistake? See Corrections.

Not investment advice. Read the risk disclaimer.

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