Bitcoin Price Suddenly Plunges to $76K as Hourly Liquidations Near $600M
Wall Street joined the leg down as well, with the S&P 500 erasing $2.2 trillion in market cap in 40 minutes.
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Wall Street joined the leg down as well, with the S&P 500 erasing $2.2 trillion in market cap in 40 minutes.
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Bitcoin is trading around $79.7K after a sharp rebound from the $75K region stalled near $80K. The rejection keeps BTC within a short-term corrective structure, with the price now caught between a key demand zone below and overhead resistance that buyers have repeatedly failed to clear. Meanwhile, the Adjusted SOPR is sliding back toward its […]
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"I think there will be a much stronger breakout in the coming weeks as a follow-up," Michael van de Poppe said.
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VVV is the other major loser today, while PIEVERSE has rocketed by double digits.
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One of the worrisome factors come from entities linked to US President Donald Trump.
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Well over 115,000 traders were wrecked on a daily scale.
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VVV, PUMP, and INJ are among the other major gainers today.
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One analyst believes the latest drop may have marked another local bottom near a key on-chain support level.
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The trader expects Q1 and Q2 of 2027 to be bullish, although the timing of BTC's next record will depend on how early gains unfold.
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Projected election results show Democrats flipping 30 seats in the House of Representatives to secure a strong majority mandate.
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The exchange says services will resume only when full security conditions are met.
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RAIN is among the few alts today to defy the overall market weakness.
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History points to a surprisingly bullish setup for the S&P 500 despite the current struggles, while BTC could be heading for another leg down.
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