Bitcoin traded around $76,000 early Friday after dropping below that level during Thursday's U.S. session, giving back the post-midterm rebound that took it above $80,000 on Wednesday. CoinGecko had BTC at $76,007 (down 5.3% over 24 hours), ETH at $2,235 (down 7.6%) and SOL at $89.96 (down 6.9%) as of 6:01 AM ET. Investing.com noted bitcoin was set for a fifth straight weekly loss.
Why it mattersCrypto sold off alongside the Nasdaq instead of acting like a hedge, which resets the 'risk-on after the election' story.
News summary written by fadeCT from the linked reporting. Not financial advice. The fadeCT take, when present, is opinion.