# Morning Minute: Bitcoin Erases Election Rally as AI Stocks Crater

- URL: https://talkfuse.com/story/morning-minute-bitcoin-erases-election-rally-as-ai-stocks-crater/
- Published: 2026-11-06T13:29:20+00:00
- Updated: 2026-11-06T14:52:13+00:00
- Original publisher: Decrypt
- Original article: https://decrypt.co/382700/morning-minute-bitcoin-erases-election-rally-as-ai-stocks-crater
- Topics: AI, Business, Crypto, Elections, Markets, Politics, Technology

## Key points

- US stocks suffered their worst session since April 2025.
- AI stocks led the sell-off amid data centre oversight concerns.
- Bitcoin fell below its pre-election level as crypto longs were liquidated.

## Summary

US markets reversed their post-election gains on Thursday, with technology and crypto assets falling sharply as investors weighed the possibility of tighter oversight and slower permitting for AI data centres. The sell-off followed a strong Wednesday, when stocks rose and Bitcoin climbed above $80,800, and showed how quickly sentiment shifted around the same election result.

The S&P 500 dropped 4.36%, the Nasdaq fell 5.52% into correction territory, and the Dow lost 1,833 points. The semiconductor ETF fell more than 12%, while the seven largest technology stocks lost about $1 trillion in value; Bitcoin declined 5.4% to $75,871 and nearly $1.1 billion in crypto long positions were liquidated. Investors were looking ahead to Friday’s October jobs report, while Zcash and Monero fell less than the wider market.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.