SteelWater daily crypto read · 6 Nov 2026
Bitcoin and crypto erase the post-election rally, falling roughly 6% as a selloff in AI and chip stocks drives Wall Street's worst day in 18 months.
Sentiment 33/100 (Fearful)
Crypto reversed hard on Thursday, erasing this week's post-election rally. 22. The cause wasn't crypto-specific: a sharp selloff in US tech and AI stocks, Wall Street's worst day in about 18 months, spilled into digital assets, with chipmakers hit hardest on doubts about AI spending payoffs.