Bitcoin fell below $76,000 as a sharp selloff in U.S. technology shares extended into crypto markets, according to a BlockBeats news roundup published on November 6, 2026. The report cited approximately $1.08 billion in crypto liquidations over 24 hours, including about $954 million in long positions, drawing on Crypto.news, CoinGlass and Bankless.
The crypto decline came alongside steep losses in AI-linked equities and increased scrutiny of the financing behind data center construction. The roundup described pressure spreading beyond expectations for computing demand to questions about project funding, electricity access and contracted tenants.
Chip stocks lead broad U.S. market losses
On November 5, the S&P 500 fell 4.4%, the Dow Jones Industrial Average lost 3.4%, the Nasdaq Composite dropped 5.5% and the Nasdaq 100 declined 6.4%, according to the roundup’s citations of the Associated Press and Reuters.
Reuters estimated that roughly $2.5 trillion in Nasdaq 100 market value was erased in one session. Nvidia fell 9.3%, while AMD dropped 17.3%. The losses wiped out the post-election rally from the preceding Wednesday.
The report identified slower construction approvals, rising financing costs and uncertainty over investment returns as concerns weighing on AI chip and data center companies. The VIX closed at 28.18 as demand for protective hedges increased.
Data center lending draws scrutiny
The Bank of England asked market participants on Thursday about lending to data center projects that had not yet secured tenants, according to Bloomberg and the central bank, as cited by BlockBeats. The inquiries concerned projects that begin construction before signing customers.
Separately, Bloomberg reported that an unidentified seller had put approximately $500 million in data center debt, spanning about 12 loans, up for auction.
The distinction matters: the seller did not disclose a reason for the sale, and the report did not directly attribute the auction to the equity selloff. The Bank of England had not opposed this form of financing. Its Financial Policy Committee had, however, warned the previous month that leverage, opaque information and circular arrangements in AI investment could amplify losses.
Electricity commitments become part of the investment case
Google confirmed on Thursday that it planned to invest approximately $17 billion in its first Wyoming data center, in Laramie County, and pledged to cover all electricity costs associated with the facility. It also established a community council with energy partners to discuss local infrastructure and growth, according to the roundup’s citations of Google, Reuters and Bloomberg.
The power agreement had taken effect on September 30 and was disclosed by Black Hills Energy in October. Thursday’s announcement added the full investment figure and community commitments; it was not the first disclosure of the power arrangement.
Together, the developments put tenant commitments, cash flow, debt structures and electricity obligations at the center of the AI infrastructure discussion. The reported crypto liquidations show the scale of leveraged positions unwound during the same period, rather than establishing a single cause for Bitcoin’s decline.
Original publication: November 6, 2026, at 10:29:56 a.m. UTC+8. Source: BlockBeats original article.