🚨 BREAKING NEWS: Bitcoin crashes 6% to 7-week low as US stocks erase election gains

Bitcoin saw sudden downside at the Wall Street open as stocks witnessed a snap sell-off, reversing post-election gains.

Bitcoin (BTC) fell below $76,000 on Thursday as risk assets abruptly reversed their US midterm elections rally.

Data from TradingView showed BTC/USD shedding more than 6% to $75,463 on Bitstamp, its lowest levels since Sept. 16.

Aftermaking swift gainson the back of a Democrat sweep of the US House of Representatives and Senate, equities saw sharp selling on Thursday as traders rotated out of tech. The S&P 500 fell 2.7%, while the tech-heavy Nasdaq Composite Index lost more than 4% to hit its lowest levels since July 29.

🔗 [READ FULL HERE](https://cointelegraph.com/markets/bitcoin-price-crashes-7-week-low-stocks-election-gains?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)

📰 Nguồn: 🪙 CoinTelegraph

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