Bitcoin falls below $75,000 as tech stocks rebound

Bitcoin price under $75K was the market headline on Nov. 6 after the cryptocurrency fell as low as $74,762 shortly after U.S. trading began, according to Cointelegraph. The move marked Bitcoin’s lowest reported level since Aug. 21, while major U.S. stock indexes recovered from the prior session’s tech-led sell-off.

The contrast offered a reminder that crypto and equities can move differently even when investors are focused on the same economic data. Cointelegraph reported that the total cryptocurrency market value was down 0.5% on the day, while the S&P 500 rose 0.6% and the Nasdaq Composite gained 1.2% at the time cited. The Nasdaq had risen 1.8% in its first hour of trading, the report said.

Why did Bitcoin fall below $75,000?

The decline came after an October U.S. employment report that was stronger than economists had expected. The Bureau of Labor Statistics reported 165,000 nonfarm payroll additions for the month, compared with a consensus estimate of 65,000 cited by Cointelegraph. The September gain was revised to 60,000 from an initially reported 29,000.

The unemployment rate was 4.1%, below the 4.2% forecast cited in the report. The BLS said employment increased in professional and business services, health care, and transportation and warehousing.

Cointelegraph described the jobs data as a possible pressure point for crypto and other risk-sensitive assets. The market rationale is that a resilient labor market may give the Federal Reserve more room to keep policy tight, which could reduce the liquidity, or readily available money, flowing into markets. That is an interpretation of market conditions, not proof that the jobs report caused Bitcoin’s drop.

Following the data, the CME Group’s FedWatch Tool showed market-implied odds of a 25-basis-point Federal Reserve rate increase at the December meeting rising to 76.8% from 66.9%, according to Cointelegraph. A basis point is one-hundredth of a percentage point, so 25 basis points equals 0.25 percentage point.

What levels were analysts watching?

Cointelegraph said Bitcoin had been testing an area around its 50-week simple moving average, a technical indicator that averages the prior 50 weeks of prices, at $77,533. Bitcoin’s reported move below $75,000 occurred alongside that reference level, and the report did not resolve the difference.

Keith Alan, cofounder of crypto trading platform Material Indicators, said the durability of the support area could not be assessed until the weekly close. He identified a conditional downside scenario: Bitcoin could fall toward $69,000 if the area near $75,500 failed to hold.

That was a technical-analysis scenario rather than a forecast or consensus view. Alan said a recovery would require Bitcoin to establish higher highs and higher lows over shorter time frames.

All prices, index moves and rate probabilities in this report are snapshots from Nov. 6, 2026, rather than current market data.

This story draws on original reporting from Cointelegraph.