Bitcoin Sits Just Above $75,000 After Wall Street's Brutal Thursday

Bitcoin was hovering just above $75,000 on Friday, Nov. 6, parked on a support level that traders have circled for years. The coin had pushed higher Wednesday, then handed it all back as U.S. equities slid hard Thursday. Now it sits right on horizontal support — the kind of line that decides the mood for the week.

The stock damage was rough. The S&P 500 fell 4.36%, and the Nasdaq dropped 6.36%. Bitcoin's turn lower landed in the same stretch of selling, which is why the $75,000 test is getting so much attention.

Here's why that number matters. The 50-week simple moving average has propped Bitcoin up through the previous two bull markets, according to tokenpost, and it's nearing an upward turn. More chart support waits near $69,000 and $65,750 — those are drawn levels, not forecasts of where price actually goes.

Equity futures offered a sliver of optimism. S&P 500 E-mini futures bounced off 7,323 points, matching an earlier low, with an ascending trendline around 7,550 marking a possible recovery level for the index. That move came ahead of Friday's U.S. market open.