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Circle Sinks 12%, Coinbase and Strategy Tumble 10% as Bitcoin Slide Hits Crypto Stocks
Nov 5, 1:06 PM·
High Pessimistic

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Summarized by i88

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Summary

Circle Internet Group (CRCL) fell 12% to $67 as a sharp Bitcoin reversal dragged crypto-linked equities lower, with Coinbase and Strategy each dropping about 10%. The selloff came despite fresh positive news at the stablecoin issuer, which provided no support for the stock. On Thursday, Bitcoin dropped 5.65% to $75,880.60 and Ethereum tumbled 7.80% to $2,233.79 as a broad Wall Street sell-off, its worst day in 18 months, spilled into digital assets and erased Bitcoin’s post-election rally.

Crypto-Linked Stocks Slide as Bitcoin, Ethereum Tumble in Broad Wall Street Selloff

Cryptocurrency markets suffered steep losses on Thursday as a broad sell-off across Wall Street spilled into digital assets, triggering renewed selling pressure, according to a report from fool.com.

Bitcoin dropped 5.65% to $75,880.60, while Ethereum tumbled 7.80% to $2,233.79.

Bitcoin Erases Post-Election Rally

The decline erased Bitcoin’s post-election rally, the report said. The move came as Wall Street suffered its worst day in 18 months, with the equity selloff spilling into digital assets.

Crypto-Linked Equities Under Pressure

The reversal in Bitcoin dragged crypto-linked equities lower, with Coinbase and Strategy each dropping about 10%, according to the report.

Circle Internet Group (CRCL) fell 12% to $67. The selloff came despite fresh positive news at the stablecoin issuer, which provided no support for the stock, the report noted.

Key Moves at a Glance

  • Bitcoin: down 5.65% to $75,880.60
  • Ethereum: down 7.80% to $2,233.79
  • Coinbase: down about 10%
  • Strategy: down about 10%
  • Circle Internet Group (CRCL): down 12% to $67

The source article was published on Nov. 5, 2026, and categorized under general market coverage.