Photo: A physical Bitcoin token (file image)
Crypto & MarketsBitcoin stages V-shaped recovery after dipping below $76,000 as midterm uncertainty fades
Bitcoin has erased its election-night losses in a sharp V-shaped recovery, rebounding from below $76,000 towards $78,000 as clearer United States midterm results eased political uncertainty, even as heavy ETF outflows continue to weigh on the market.
Photo: A physical Bitcoin token (file image)
Crypto & MarketsBitcoin breaks below $76,000 for first time since mid-September as $366 million in positions are liquidated
Bitcoin has fallen below $76,000 for the first time since mid-September, with about $366 million in leveraged crypto positions liquidated as heavy ETF outflows and the fallout from the Binance hack continue to weigh on the market.
Photo: Physical Bitcoin tokens representing the cryptocurrency market
Crypto & MarketsBitcoin slips below $77,000 as midterm results and ETF outflows rattle crypto markets
Bitcoin fell below $77,000 on Wednesday as early US midterm results pointed to Democratic gains in Congress, adding political uncertainty to a crypto market already weakened by heavy ETF outflows and the fallout from a major exchange security breach.