🚨 BREAKING: CRYPTO CRASHES TO 2-MONTH LOWS AFTER US MIDTERMS
$BTC just flashed down to $73,510 — its lowest since August — and $ETH fell 5% to $2,223 in late Sunday trade. Over $855 million in positions were liquidated in 24 hours, and 90% of them were longs.
What happened? Democrats swept the US Congress in last week's midterms, and traders are now pricing in tougher crypto regulation. The fear is simple: a tougher SEC, tighter rules on prediction markets, and a colder climate for an industry that spent two years lobbying for friendlier treatment.
The timing could not be worse. Spot $BTC ETFs have now seen $411.9 million in net outflows over two days, and the market is still digesting last week's $6 billion Binance heist headlines. Sentiment is pinned in extreme fear — yet $BTC has clawed back above $75,000 this morning, trading near $75,100.
My take: this looks like a politics-driven flush, not a structural break. The $75,000 line has now held for a third session, and the bounce off $73,510 shows buyers are still stepping in below. But until tomorrow's US October CPI print (due Tuesday, 8:30am ET) passes, every rally risks being sold into.
Levels to watch: support $74,740, then $73,510 — lose that and $70,000 comes into play fast. Resistance $75,590, then $76,000.
Are you buying this dip or waiting for CPI?
Source: Reuters, 9 November 2026
Follow for daily crypto updates.
#Bitcoin #Crypto #BTC
Not financial advice.
$BTC just flashed down to $73,510 — its lowest since August — and $ETH fell 5% to $2,223 in late Sunday trade. Over $855 million in positions were liquidated in 24 hours, and 90% of them were longs.
What happened? Democrats swept the US Congress in last week's midterms, and traders are now pricing in tougher crypto regulation. The fear is simple: a tougher SEC, tighter rules on prediction markets, and a colder climate for an industry that spent two years lobbying for friendlier treatment.
The timing could not be worse. Spot $BTC ETFs have now seen $411.9 million in net outflows over two days, and the market is still digesting last week's $6 billion Binance heist headlines. Sentiment is pinned in extreme fear — yet $BTC has clawed back above $75,000 this morning, trading near $75,100.
My take: this looks like a politics-driven flush, not a structural break. The $75,000 line has now held for a third session, and the bounce off $73,510 shows buyers are still stepping in below. But until tomorrow's US October CPI print (due Tuesday, 8:30am ET) passes, every rally risks being sold into.
Levels to watch: support $74,740, then $73,510 — lose that and $70,000 comes into play fast. Resistance $75,590, then $76,000.
Are you buying this dip or waiting for CPI?
Source: Reuters, 9 November 2026
Follow for daily crypto updates.
#Bitcoin #Crypto #BTC
Not financial advice.
