The key facts

  • Bitcoin fell more than 5% in a day, trading at around $75,908, with a weekly decline of 7.04%
  • The capitalization of the entire crypto market shrank by 4.89% to $2.56 trillion
  • Spot bitcoin ETFs, despite the sell-off, recorded a net inflow of $148.10 million

Sharp decline on Thursday

Bitcoin lost more than 5% on Thursday, November 5, falling below the $76,000 mark amid a broad decline across the entire cryptocurrency market, Anadolu reports. According to the outlet, as of 16:00 GMT the largest cryptocurrency was trading at around $75,908, fluctuating within a daily range of $75,525 to $80,874.

The scale of the market decline

Bitcoin's weekly decline reached 7.04%, while its market capitalization fell to $1.52 trillion with a daily trading volume of $40.5 billion. The second-largest cryptocurrency, Ethereum, dropped 6.99% over the past day to around $2,250, with its capitalization falling to $274.94 billion. The total capitalization of all cryptocurrencies shrank by 4.89% to $2.56 trillion.

ETF inflows amid the sell-off

Notably, despite widespread selling pressure, spot Bitcoin ETFs recorded a net inflow of $148.10 million — meaning institutional instruments continued to attract money even as prices fell. The Anadolu publication does not report on the causes of the crash.