Education

Bitcoin and the November Stock Market Selloff: What Changed

By Avi Mash November 11, 2026 5 min read
Bitcoin fell about 5.6% on Nov 5, 2026, while the Nasdaq fell 5.5%, IBIT fell 5.1% and MSTR fell 9.3%. These daily returns use different trading windows, so they show a shared direction, not a measured correlation. For borrowers, falling collateral value raises LTV when debt stays unchanged.
An amber-lit Bitcoin quote terminal on charcoal marble, labeled November Selloff and LTV Pressure, beneath a bold headline.
Topics:
  • Bitcoin
  • Digital Assets

Bitcoin fell alongside stocks on Nov 5, 2026: BTC declined about 5.6%, compared with 5.5% for the Nasdaq Composite, 5.1% for IBIT and 9.3% for MSTR. The practical distinction is your exposure: bitcoin, fund shares, company shares or loan collateral. These returns do not establish that the exposures are interchangeable. Sources: Yahoo Finance daily data for BTC, Nasdaq, IBIT and MSTR, read Nov 7, 2026.

The November selloff, dated

The bitcoin and stock market selloff in November showed a shared direction across these assets. The table compares Nov 5 daily closes with Nov 4 daily closes, with returns recomputed on Nov 7, 2026.

Asset Daily change Source
Bitcoin, BTC-USD -5.6% Yahoo BTC data
Nasdaq Composite -5.5% Yahoo Nasdaq data
iShares Bitcoin Trust ETF, IBIT -5.1% Yahoo IBIT data
Strategy, MSTR -9.3% Yahoo MSTR data

Bitcoin's daily bars use UTC. Equity bars use America/New_York trading sessions. These are not synchronized return windows, so the differences should not be treated as precise same-hour comparisons. Source: Yahoo BTC daily data.

Stocks: shared direction, not proof of a lasting relationship

Yahoo Finance's Nov 5 reporting described selling in AI and chip stocks. The Dow closed down 3.4%, and the Nasdaq entered correction territory. Bitcoin briefly fell below $76,000 after rebounding above $80,000 the previous day. Source: Yahoo Finance's Nov 5 market report, read Nov 7, 2026.

That supports a narrow conclusion: bitcoin and major stock indexes fell during the same dated selloff. It does not identify a common cause, measure correlation or establish how bitcoin will behave during another stock-market decline.

Spot ETFs: distinguish the fund from the company

Spot Bitcoin ETFs hold bitcoin rather than representing an operating company. Our ETF comparison board, dated Nov 7, 2026, lists IBIT's fee at 0.25%. The board covers multiple countries and fund types, not only US spot funds.

IBIT's 5.1% decline was close to, but different from, BTC's 5.6% decline in this comparison. The return windows differ, so this table alone cannot explain the gap or establish a fund-tracking problem. Sources: IBIT daily data and BTC daily data.

For an ETF decision, separate the underlying asset from the account structure. Compare the stated fee, who controls the keys, how the position can be accessed and which counterparties are involved.

Treasury shares: company financing matters too

MSTR fell more than bitcoin in the stated daily-close comparison. That observation does not establish why. Source: Yahoo MSTR daily data.

Treasury-company funding can include convertible debt, equity issuance through at-the-market programs and operating cash flow. Those structures make company shares different from direct BTC, but they do not by themselves explain MSTR's specific daily move. Source: our treasury-company tracker, updated Nov 1, 2026.

The useful comparison is therefore not just the bitcoin balance. It is the company valuation, funding structure and shareholder exposure alongside that balance.

Loan LTV: the same debt against less collateral value

Loan-to-value, or LTV, compares debt with collateral value. The following illustrations keep debt and BTC quantity unchanged, with no payments or interest. They are arithmetic examples, not observed borrower outcomes or lender quotes.

Starting LTV After the stated BTC daily-close decline After a hypothetical 10% price decline
50% 52.9% 55.6%
60% 63.5% 66.7%
65% 68.8% 72.2%
75% 79.4% 83.3%

The calculation divides starting LTV by the remaining share of collateral value. The first scenario uses the underlying BTC closes, not the rounded headline return. Source and arithmetic basis: Yahoo BTC daily data, read Nov 7, 2026.

Match the next check to your position

Your exposure What to check next
Bitcoin Confirm the price timestamp and your custody arrangement before comparing returns.
Spot ETF Compare the fund structure, stated fee and trading window.
Treasury shares Review the company structure as well as its bitcoin holdings.
Bitcoin-backed loan Calculate current LTV, then compare it with your contract's terms.

Our LTV calculator takes collateral value and desired loan amount to calculate the ratio. It does not establish a lender-specific margin-call or liquidation threshold. Keep the calculation separate from the contract review.

Frequently asked questions

Did bitcoin crash today?

The figures here describe Nov 5, 2026, not Nov 7 market moves. Bitcoin fell about 5.6% in the fixed daily-close comparison, according to Yahoo Finance BTC data, read Nov 7, 2026.

Does bitcoin follow stocks, or act as a crash hedge?

Bitcoin and the Nasdaq both fell in this dated comparison, but their daily return windows differ. This observation establishes neither a permanent stock-following relationship nor dependable crash protection. Sources: BTC data and Nasdaq data.

Why can MSTR fall more than bitcoin?

Treasury-company shares involve a company funding structure, not only a bitcoin balance, as our treasury tracker explains. MSTR fell more in this comparison, but the daily price data do not establish the cause.

How do I check my Bitcoin loan LTV after a decline?

Compare the outstanding debt with the current collateral value; our LTV calculator provides that ratio. Then read the applicable contract terms, because the calculator does not establish a lender's margin-call or liquidation threshold.

Read next

447 Bitcoin companies tracked · 23 custodians · 33 Bitcoin ETFs · 22 lenders · 22 exchanges · $105B+ tracked ETF AUM · Rates reviewed regularly; see each listing's update date.