Title: Bitcoin Below $77K - Why The Market Is Red Today
Bitcoin slipped below $77,000 today as Nasdaq 100 entered a 10% correction. The main reason is a 12% three-day fall in US chip stocks. When tech stocks fall, crypto follows.
ZEC dropped nearly 10%, Oracle lost 8% after its $20B AI funding news, and oil fell 7% on US-Iran news.
But one positive: The equal-weight S&P 500 gained 4.9% in October, showing money is moving from big tech to small stocks.
US Midterm Election results will come tonight. Market will stay volatile. This is not a time for big leverage trades. Wait for election results.
What do you think? Will BTC recover above $78K after elections?
#Bitcoin #BTC #Nasdaq #ElectionDay #CryptoNewsFlash
Bitcoin slipped below $77,000 today as Nasdaq 100 entered a 10% correction. The main reason is a 12% three-day fall in US chip stocks. When tech stocks fall, crypto follows.
ZEC dropped nearly 10%, Oracle lost 8% after its $20B AI funding news, and oil fell 7% on US-Iran news.
But one positive: The equal-weight S&P 500 gained 4.9% in October, showing money is moving from big tech to small stocks.
US Midterm Election results will come tonight. Market will stay volatile. This is not a time for big leverage trades. Wait for election results.
What do you think? Will BTC recover above $78K after elections?
#Bitcoin #BTC #Nasdaq #ElectionDay #CryptoNewsFlash
