Bitcoin Drops Below $77,000 as Chip Rout Deepens Ahead of U.S. Midterm Vote
10 Articles
10 Articles
Bitcoin drops below $77,000 as chip rout deepens ahead of U.S. midterm vote
Bitcoin is once again under sales pressure. Weak technology stocks and high ETF outflows burden the crypto market. Can the U.S. interim elections reverse the trend? Source: BTC-ECHO BTC-ECHO
Bitcoin is once again under sales pressure. Weak technology stocks and high ETF outflows burden the crypto market. Can the U.S. interim elections reverse the trend? Source: BTC-ECHO BTC-ECHO
Bitcoin (BTC) fell below $77,000 as selling pressure on technology stocks deepened ahead of the US midterm elections and spread to the cryptocurrency market. Sharp losses in the semiconductor sector accelerated sell-offs in risky assets across global markets. The stock index tracking semiconductor companies in the US lost 12 percent in the last three trading days. With the widening decline in technology stocks, the Nasdaq 100 […] Source: Bitcoin…
💸 Spot Bitcoin ETFs saw high outflows for two consecutive days. The net outflow on the last day was $398.6 million. 🔻 Spot Ethereum ETFs saw $139.7 million in outflows. The outflow streak reached six trading days. 📉 Nasdaq 100 entered a correction zone, falling 10% from its recent peak. Read More: Bitcoin falls below $77,000 before US midterm elections The article "Bitcoin falls below $77,000 before US midterm elections" first appeared on COI…
Bitcoin Below $77K As Chip Rout Deepens Before Midterms
Bitcoin slid back below $77,000 on Tuesday, erasing Monday’s recovery, as a deepening sell-off in U.S. semiconductor stocks spilled into global equities and traders braced for the first results of the U.S. midterm elections. The token fell about 2% to just under $77,000 in Asian trading, according to CoinGecko pricing, leaving it below the roughly $77,600 level it touched late Sunday. The drop is not a crypto-specific move. A gauge of U.S. chipm…
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