Bitcoin falls below $77,000 as chip stocks extend losses
BROBROK News · Based on reporting by CoinDesk ·
Bitcoin slipped below $77,000 as the selloff in semiconductor shares deepened ahead of the U.S. midterm vote. Other crypto assets also weakened, with ZEC down nearly 10% and BNB trading below $700.
Key points
- Bitcoin moved below $77,000
- Semiconductor stocks added to their declines ahead of the U.S. midterm vote
- ZEC fell nearly 10%
- BNB dropped below $700
- The Nasdaq 100 fell into correction and Asian stocks followed lower
Why it matters
The move highlights how closely crypto can track risk sentiment in tech-led markets. Weakness in chips and the Nasdaq often spills over into digital assets.
Original headline: “Bitcoin drops below $77,000 as chip rout deepens ahead of U.S. midterm vote”
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.