Bitcoin plunges to around 76,150 USDT amid a global sell-off
Bitcoin is trading around 76,150.55 USDT, down 5.45% over the past 24 hours, with trading volume of approximately 2.03 billion USDT. The daily range has been exceptionally wide, from 75,208.42 to 80,835.62 USDT, as red spreads across the market following the US midterm election results.
Selling pressure from US stocks has spilled over into crypto, weakening altcoins across the board. During this downturn, names such as $INJ , $PARTI and $ERA are being closely watched by investors for signs of a bottom.
A useful insight: when Bitcoin swings sharply on macroeconomic news, capital tends to shift into defensive mode first; altcoins only recover sustainably when BTC holds key support levels.
Do you think the 75,000 USDT level will hold today?
(Not investment advice)
Bitcoin is trading around 76,150.55 USDT, down 5.45% over the past 24 hours, with trading volume of approximately 2.03 billion USDT. The daily range has been exceptionally wide, from 75,208.42 to 80,835.62 USDT, as red spreads across the market following the US midterm election results.
Selling pressure from US stocks has spilled over into crypto, weakening altcoins across the board. During this downturn, names such as $INJ , $PARTI and $ERA are being closely watched by investors for signs of a bottom.
A useful insight: when Bitcoin swings sharply on macroeconomic news, capital tends to shift into defensive mode first; altcoins only recover sustainably when BTC holds key support levels.
Do you think the 75,000 USDT level will hold today?
(Not investment advice)
