Bitcoin (BTC) fell to multi-week lows after the opening of Wall Street trading on Friday, November 6, 2026, diverging from a rebound in technology stocks.
The price reached $74,762, its lowest level since August 21, according to the source. The broader cryptocurrency market capitalization declined 0.5% for the day. Data from TradingView showed BTC/USD dipping below $75,000.
US equities recovered from the previous day’s sell-off, with investors buying discounted tech shares. At the time of writing, the S&P 500 was up 0.6% and the Nasdaq Composite Index up 1.2%. The Nasdaq had gained 1.8% in the first hour of trading. Certain semiconductor-related stocks posted sharper moves, with SanDisk and Micron Technologies each climbing 6.3%.
US nonfarm payrolls data for October showed the economy added 165,000 jobs, well above the 65,000 expected. September’s figure was revised upward from 29,000 to 60,000. The Bureau of Labor Statistics (BLS) reported gains in professional and business services, health care, and transportation and warehousing. The unemployment rate stood at 4.1% versus a predicted 4.2%.
Cointelegraph’s analysis noted that stronger labor-market performance can create a headwind for crypto and risk assets, as it suggests the economy can manage financial policy tightening and thereby reduce liquidity inflows. Following the data, CME Group’s FedWatch Tool showed the probability of a 25-basis-point Federal Reserve rate hike in December rising from 66.9% to 76.8%.
Bitcoin had been testing support around its 50-week simple moving average at $77,533. Keith Alan, cofounder of Material Indicators, warned on X that the trend line—which has acted as support since mid-September—looked strong technically and structurally, but “we can’t confirm its durability before the W close.” He indicated that a failure to hold around $75,500 could see BTC/USD fall as low as $69,000, while a recovery would require a series of higher highs and higher lows on lower time frames.
Source (published 01:49:33 +08 on November 7, 2026).
