Bitcoin held above $75,000 on Nov. 6, 2026, as a sharp decline in US technology stocks spread to Asian markets. South Korea’s KOSPI briefly halted trading after falling more than 8%, prompting authorities to announce temporary relief on margin-loan collateral requirements.
The Cointelegraph report was published on Nov. 6, 2026, at 19:16:53 UTC+8. The events and market levels below reflect that reporting period.
Bitcoin steadies while equities retreat
Bitcoin had fallen as much as 6.6% on Thursday, Nov. 5, reaching $75,109 on Bitstamp. By Friday, TradingView data showed BTC/USD trading near its 50-week simple moving average, which stood at $75,733.
The decline accompanied sustained selling during Thursday’s Wall Street session. The S&P 500 closed down 4.4%, while the Nasdaq Composite lost 5.5%. The Philadelphia Semiconductor Index, which tracks 30 semiconductor companies, fell 12.2%.
Asian markets extended the sell-off on Friday. South Korea’s KOSPI dropped more than 8% shortly after opening, triggering a 20-minute circuit-breaker halt. It later recovered some ground to close 6% lower at 5,059.69, its lowest closing level since March 31.
South Korea moves to limit forced selling
At an emergency meeting, South Korean Deputy Prime Minister and Finance Minister Lee Hyoung-il announced measures intended to reduce forced selling.
According to local media reports cited by Cointelegraph, brokerages would receive a three-month exemption from the requirement to maintain a 140% collateral ratio on margin loans, starting the following Monday. Authorities said they would prepare additional measures if volatility increased.
Chosun quoted an unnamed government source acknowledging heightened global market volatility following the US midterm elections, while describing the domestic market as overly reactive to external factors.
AI policy fears draw differing interpretations
Analysts linked Thursday’s US stock losses to concerns about tighter artificial intelligence regulation after Democrats won the House and Senate. Those concerns added to existing unease about the sector’s capital spending; they were an attributed explanation for the sell-off, not an established sole cause.
Market commentary service The Kobeissi Letter pointed to Democratic Rep. Yassamin Ansari’s call for a “pause on advanced AI development,” but argued that an outright US AI ban was highly unlikely because it would surrender ground to China.
Kobeissi characterized the decline as “more technical than fundamental,” noting that the S&P 500’s loss excluding technology was about 2.5%.
Economist Mohamed El-Erian called for common ground on AI policy. In a Substack note, he said the US approach aligned with AI’s productivity potential and national security needs but had fallen short on safety, diffusion and public engagement. He attributed the backlash to genuine concerns, information failures and behavioral factors.
Cointelegraph also noted that Bitcoin’s correlation with the S&P 500 had become more positive in recent months. Its report cited earlier coverage finding that Democratic midterm sweeps under Republican presidents had historically been followed by strong stock returns; that historical observation does not establish the outcome of this episode.