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Bitcoin Erases Election Rally as AI Stocks Plunge, $428 Million in Crypto Longs Get Wiped Out

Bitcoin plunged nearly 5% as AI stocks sank, Democratic midterm wins raised fresh policy questions, and forced liquidations erased a Wednesday rally that had been fueled partly by short covering.

Jose Antonio LanzDecrypt · November 5, 2026 · 9h ago

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Jose Antonio Lanz, Decrypt

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