Decrypt reports that Bitcoin fell nearly 5% following a drop in AI stocks and uncertainty from recent Democratic midterm wins. This decline wiped out $428 million in crypto long positions, reversing a rally from Wednesday that was driven by short covering. The market's reaction reflects broader concerns about policy implications and market stability.
Based on the Decrypt report; not independently verified.
Source published: Thu, 05 Nov 2026 16:29:11 +0000
[Read the original report](https://decrypt.co/382612/bitcoin-erases-election-rally-ai-stocks-plunge-428-million-crypto-longs)
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