Bitcoin falls below $77,000 amid tech selloff and U.S. election risk
BROBROK News · Based on reporting by Portal do Bitcoin ·
Bitcoin slipped below $77,000 as U.S. tech stocks sold off sharply and uncertainty built around the American legislative elections. The move also came alongside fresh outflows from spot Bitcoin ETFs and lingering market concern after the Binance hack.
Key points
- BTC fell 1.6% to $76,913
- ETH, SOL and BNB were also lower, while XRP edged up
- U.S. spot Bitcoin ETFs posted $398.6 million in net outflows on Monday
- Bitcoin is on track for a fifth straight weekly loss
- Weak tech stocks and election uncertainty have added to risk aversion
Why it matters
Bitcoin has been trading more like a risk asset, so weakness in technology shares can spill over into crypto. Institutional flows through spot ETFs make that link even more visible for investors.
Original headline: “Bitcoin hoje: BTC cai abaixo de US$ 77 mil com temor sobre eleições nos EUA e crise no setor de tecnologia”
Read the original on Portal do Bitcoin
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.