Bitcoin Drops Under $76.5K – Crypto Gives Back Its Rally
Photo: Coindoo
Key Takeaways $460M liquidated in one hour, 94% longs. Bitcoin gave back nearly all its post-midterm gain. Short liquidations shrank as the rally faded. Nasdaq fell 3.6% during crypto’s worst hour. CoinGlass data at 15:25 UTC showed $460.51 million in liquidations over the previous hour, while Yahoo Finance’s live markets coverage tracked US stocks giving back their own post-election gains. A Rally That Lasted About a Day Bitcoin had climbed above $80,000 by 03:00 UTC on Thursday, after Democrats won both chambers of Congress, as covered in Coindoo’s report on the post-vote rally .
Source: Coindoo
