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Crypto Market Takes a Hit as Bitcoin and Ethereum Erase Recent Gains

Crypto Market Takes a Hit as Bitcoin and Ethereum Erase Recent Gains

Morning Minute: Bitcoin Erases Election Rally as AI Stocks Crater
Morning Minute: Bitcoin Erases Election Rally as AI Stocks Crater

Thursday marked a massive reversal and historic selloff for AI stocks, and crypto was not immune. What held up the strongest?

Bitcoin Erases Election Rally as AI Stocks Plunge, $428 Million in Crypto Longs Get Wiped Out
Bitcoin Erases Election Rally as AI Stocks Plunge, $428 Million in Crypto Longs Get Wiped Out

Bitcoin plunged nearly 5% as AI stocks sank, Democratic midterm wins raised fresh policy questions, and forced liquidations erased a Wednesday rally that had been fueled partly by short covering.

Crypto Market Falls 5% to $2.64T as BTC and ETH Erase Post-Election Gains
Crypto Market Falls 5% to $2.64T as BTC and ETH Erase Post-Election Gains

The crypto market fell 5.01% to $2.64 trillion as Bitcoin dropped below $77,000 and Ethereum declined more than 7%.

Bitcoin Slides Below $77,000 as Ether Sinks 7%
Bitcoin Slides Below $77,000 as Ether Sinks 7%

Total crypto market value fell 6.8% over 24 hours, while bitcoin gave back much of Wednesday’s post-election rebound.... Read the full story at The Defiant

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