Bitcoin held above $75,000 on Nov. 6, 2026, as a US technology-stock sell-off spread to Asia, according to Cointelegraph. Analysts linked the rout to fears of tighter US artificial-intelligence regulation after Democrats won the House and Senate—but that explanation remained market commentary, not evidence of an enacted AI ban.
Original report published Nov. 6, 2026, at 19:16:53 UTC+8.
Bitcoin steadies as equities slide
Bitcoin had fallen as much as 6.6% on Thursday, reaching $75,109 on Bitstamp. By Friday, TradingView data cited in the report showed BTC/USD trading near its 50-week simple moving average of $75,733.
Thursday’s selling left the S&P 500 down 4.4% and the Nasdaq Composite down 5.5%. The Philadelphia Semiconductor Index, which tracks 30 semiconductor companies, finished 12.2% lower.
The pressure continued in South Korea on Friday. The KOSPI fell more than 8% shortly after opening, triggering a 20-minute circuit-breaker halt. It subsequently pared its losses but still closed down 6% at 5,059.69—its lowest close since March 31.
South Korea moves to limit forced selling
At an emergency meeting, South Korean Deputy Prime Minister and Finance Minister Lee Hyoung-il announced measures intended to reduce forced selling.
Local media reported that, starting Monday, brokerages would receive a three-month exemption from the requirement to maintain a 140% collateral ratio on margin loans. Authorities said they would prepare additional measures if volatility increased.
Chosun quoted an unnamed government source acknowledging heightened global stock-market volatility after the US midterm elections while arguing that the domestic market had been “overly reactive to external factors.” That was the government source’s assessment, not an established explanation for the size of the decline.
AI-policy fears are not an AI ban
The report linked investor anxiety to possible tighter AI regulation following Democrats’ election gains, alongside existing concerns about the sector’s capital spending.
Market commentary service The Kobeissi Letter cited Democratic Rep. Yassamin Ansari’s call on X for a “pause on advanced AI development.” Kobeissi nevertheless argued that an outright US AI ban was extremely unlikely, reasoning that it would surrender the country’s position in the global AI race to China.
“We believe today’s decline was more technical than fundamental,” Kobeissi wrote in its Thursday commentary. It noted that the S&P 500’s decline was about 2.5% when technology stocks were excluded. That interpretation does not establish what caused the selling or predict its duration.
Economist Mohamed El-Erian, writing on Substack, called for common ground on AI policy. He said America’s “let it rip” approach aligned with AI’s productivity potential and national-security imperatives but had fallen short on safety, diffusion and bringing society along. He attributed the backlash to genuine concerns, information failures and behavioral factors.
Cointelegraph also noted that Bitcoin’s correlation with the S&P 500 had become more positive in recent months. Its reference to historically strong stock returns after Democratic midterm sweeps under Republican presidents was historical context—not evidence of what Bitcoin would do next.