Bitcoin Falls Below $76,000, Then Rebounds as Democrats Make Midterm Gains
Photo: TheCoinrise
The cryptocurrency staged a sharp V-shaped recovery hours after dropping under a key price level during the U.S. midterm elections. Bitcoin's price dropped below the $76,000 mark early Tuesday as political news from Washington rattled markets. The decline coincided with U.S. midterm election results pointing to significant Democratic gains, a shift commonly referred to as a Blue Wave. The dip did not last long. Within hours, bitcoin recovered most or all of its losses, forming what traders describe as a V-shaped pattern.
Source: TheCoinrise
