Tether holds roughly $4.8B in US stock market exposure through 13 firms
Tether has roughly $4.8 billion in exposure to US stock markets through stakes in 13 listed companies including Rumble, Twenty One Capital, and gold miners.
Bitcoin dropped to $75,000 amid AI stock turmoil, and may stay weak even if tech rebounds, analysts warn.
Wall Street's AI trades took a heavy hit last week as investors grew wary of tech valuations and the possibility of stricter AI rules. Bitcoin followed suit, dropping to $75,000.
Then an unusual shift occurred. The Nasdaq recovered 1.1% on Friday. Over the weekend, bitcoin stayed near $76,000, well under the earlier bounce back above $80,000.
Could bitcoin's negative view persist beyond the stock market's?
Risk-off hit both tech and crypto this week.
— Bitunix (@BitunixOfficial) November 6, 2026
BTC slipped below $76K, while CAP gained 34.5% against a mixed crypto market.
Next up: October CPI.
⬇️ See what moved and what markets are watching next:https://t.co/MqwaTuhqDm pic.twitter.com/siE5f0wqUA
Semiconductor stocks bore the brunt of the selloff. Bitunix's November 6 market research shows Nvidia shed 15% across the week, while Intel and Micron posted even sharper drops.
The immediate worry stemmed from politics. Democrats' midterm win raised the prospect of tighter AI regulation.
A pre-election proposal to ban artificial superintelligence has fueled regulatory concerns, though its passage is still uncertain.
For bitcoin, the more pressing issue is financial. Both tech stocks and cryptocurrencies rely heavily on risk appetite among investors.
Should capital continue fleeing speculative assets, bitcoin may encounter selling pressure even without another AI-stock downturn.
Bitunix's research noted that cryptocurrencies showed relative resilience during the initial stock slide.
Among the 300 leading tokens tracked on the exchange, roughly half ended the week with gains. The median return was just -0.06%.
Some smaller assets fared far better. CAP jumped 34.54%, even though its protocol's total value locked dropped from nearly $300 million to around $180 million.
That divergence points to continued selective speculative buying even as broader sentiment softened.
Still, Bitunix analysts cautioned that the market still "lacks a clear catalyst for sustained upside."
Every 4 years same pattern
— ᴛʀᴀᴄᴇʀ (@DeFiTracer) November 2, 2026
Midterm year → brutal Bitcoin dump.
Year after → massive recovery.
2014: -57% → 2015: +34%
2018: -73% → 2019: +92%
2022: -64% → 2023: +155%
2026 midterms are here$BTC is under pressure
You know what that means for 2027 pic.twitter.com/wGwBhRon6a
Fresh institutional data adds another worry.
U.S. spot bitcoin ETFs saw $1.28 billion in net outflows from November 2 through November 6. Friday alone contributed roughly $412 million in withdrawals.
That selling persisted even as tech shares began to rebound.
Meanwhile, the Federal Reserve has become another hurdle. Friday's stronger-than-expected U.S. jobs report boosted expectations of another interest-rate increase.
Higher rates can dampen demand for speculative bets while making safer, yield-paying assets more appealing. Even a recovery in AI valuations may struggle to counter those forces.
BREAKING: Market expectations for another 25 basis point rate hike December rise to a new high of 80% after the October jobs report.
— The Kobeissi Letter (@KobeissiLetter) November 6, 2026
The US economy added +100,000 more jobs than expected last month. pic.twitter.com/M0tWINRj1C
The next key event is the U.S. inflation report on November 10.
Milder inflation could ease pressure on the Fed and support risk assets. Stubborn inflation would strengthen the case for tighter policy.
Beyond that report, investors should monitor whether bitcoin ETFs return to steady inflows and whether bitcoin can reclaim the $80,000 level.
Until those conditions improve, a Wall Street bounce may provide bitcoin with only a temporary lift, not a sustained recovery.
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Disclaimer: this article comes from third-party media and is provided for reference only. It does not constitute investment advice. Crypto and other financial products carry significant price volatility risk, so please make your own decisions carefully.
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