# Bitcoin holds $75,000 as tech stocks tumble, altcoins fall harder

> Bitcoin has weathered a record hack, political upheaval and a tech selloff with only a 1% drop, but smaller cryptocurrencies are suffering steeper losses.
- Title: Bitcoin holds $75,000 as tech stocks tumble, altcoins fall…
- Summary: Bitcoin has weathered a record hack, political upheaval and a tech selloff with only a 1% drop, but smaller cryptocurrencies are suffering steeper losses.
- Keywords: bitcoin, cryptocurrency, altcoins, ethereum, binance, crypto markets, tech stocks, Fortune
- Source: Fortune — https://fortune.com/2026/11/09/bitcoin-75000-tech-stock-rout-altcoins-steeper-losses
- Author: Camila Grigera Naón
- Read time: 1 min
- Topics: bitcoin, cryptocurrency, altcoins, ethereum, binance, crypto markets, tech stocks
## Bitcoin holds steady through turmoil
Bitcoin has fallen only about 1% in the past 24 hours and now trades near $75,000, despite a record hack, political upheaval and a tech stock rout.

> The fact that it's still… holding the 75 to 80 [range], I consider it a mild positive.
## Three major setbacks hit crypto
A hack drained roughly $6.3 billion from Binance, the world's largest centralized crypto exchange.A Democratic takeover of Congress dealt losses to crypto-backed candidates.Nvidia CEO Jensen Huang's affair sparked an investigation into Chinese intelligence targeting.
## Broader market pressures mount
The tech-heavy Nasdaq dropped over 5% last week amid fears of a broad AI stock selloff.Economists expect Tuesday's inflation report to show further rises in consumer prices.Traders anticipate a Federal Reserve rate hike in December.
## Bitcoin's resilience may reflect prior losses
Bitcoin's ability to hold steady may say more about how far it has already fallen than about the latest bad news. Analysts believe much of the bad news was already priced in.

> I think a lot of the bad news was priced in already. It's not to say that it's not going to chop sideways for a little bit longer, but I think the bottom is clearly in.
## Altcoins suffer steeper declines
Ether has fallen nearly 5% over the past day. XRP is down nearly 12% over the past week. Bitcoin typically falls less than altcoins during selloffs and gains larger market share in recoveries.

> Eventually when prices come down across the board, Bitcoin goes down less, and [altcoins] go down more.
## Key takeaway

Bitcoin fell only 1% despite a six point three billion dollar Binance hack, a Democratic Congress takeover, and a tech stock rout, while altcoins declined far more steeply.