#CryptoMarkets
📉 Crypto Market and Asian Exchanges Under Pressure: Bitcoin Falls Below $77,000
On Tuesday morning in Asia, Bitcoin dropped by 2%, falling below $77,000 and completely erasing yesterday’s recovery. The decline also affected other major cryptocurrencies amid a broader market downturn.
📊 Key Events and Figures:
➡️ Cryptocurrencies: $ZEC saw the steepest losses, falling nearly 10% to ~$1,140. $HYPE dropped 5% (~$84), SOL fell 3% (~$92), while BNB, Ether, and $DOGE each lost 2% (with Ether holding just above $2,250). TRX was the only major asset to gain, rising by 2%.
➡️ Wall Street and Asia: A global sell-off began in the U.S., where the Nasdaq 100 index entered correction territory—dropping 10% from its peak—while an index of U.S. chipmakers fell 12% over three days. This dragged down Asian markets, with South Korea’s Kospi index losing more than 3%.
➡️ Political Factor: Investors are holding their breath ahead of the U.S. midterm election results, with the first outcomes expected to arrive as early as Wednesday.
⚠️ Stay tuned as the market situation unfolds!
📉 Crypto Market and Asian Exchanges Under Pressure: Bitcoin Falls Below $77,000
On Tuesday morning in Asia, Bitcoin dropped by 2%, falling below $77,000 and completely erasing yesterday’s recovery. The decline also affected other major cryptocurrencies amid a broader market downturn.
📊 Key Events and Figures:
➡️ Cryptocurrencies: $ZEC saw the steepest losses, falling nearly 10% to ~$1,140. $HYPE dropped 5% (~$84), SOL fell 3% (~$92), while BNB, Ether, and $DOGE each lost 2% (with Ether holding just above $2,250). TRX was the only major asset to gain, rising by 2%.
➡️ Wall Street and Asia: A global sell-off began in the U.S., where the Nasdaq 100 index entered correction territory—dropping 10% from its peak—while an index of U.S. chipmakers fell 12% over three days. This dragged down Asian markets, with South Korea’s Kospi index losing more than 3%.
➡️ Political Factor: Investors are holding their breath ahead of the U.S. midterm election results, with the first outcomes expected to arrive as early as Wednesday.
⚠️ Stay tuned as the market situation unfolds!
