The tech-heavy Nasdaq 100 index fell more than 6% on Thursday. Investors grew concerned about a possible slowdown in artificial intelligence development. The sell-off followed Democratic election wins in the House and the Senate. Nasdaq 100 futures have since rallied, pointing to some relief for the stock market.
This is an AI-generated summary. ShortSingh links to the original source for the complete article.
Thailand's Securities and Exchange Commission has filed a criminal complaint against the operator of crypto exchange Bitget. The regulator alleges the company ran an unlicensed crypto exchange serving Thai users between 2022 and 2025. The complaint comes as Thailand moves to block access to the platform. The development also casts uncertainty over Bitget's planned local acquisition.
The U.S. economy added 165,000 jobs in October, well above the roughly 65,000 that economists had expected. The unemployment rate unexpectedly dropped to 4.1%. The strong rebound followed a weak showing in September. The figures point to a labor market recovering sharply from that slowdown.
More than $1 billion in bullish leveraged positions were liquidated in the crypto market, according to the report. Despite the sell-off, recent exchange-traded fund flows have not provided meaningful support to the spot market. The article's source text is limited to a brief day-ahead market preview dated Nov. 6, 2026, so the specific causes and additional market details are not fully described. The piece suggests traders should watch whether ETF activity changes in the coming sessions.
Bitcoin recovered from around $75,200 following a selloff on Thursday that was led by concerns tied to artificial intelligence. The downturn triggered more than $1 billion in liquidations across the market. Traders are now watching closely for the latest U.S. employment figures. The upcoming jobs report is seen as a key factor that could shape the cryptocurrency's next move.
Discussion (0)
Log in to join the discussion and vote.
Log in