#BTCBackAbove80K Bitcoin dipped below $76,000 as a Nasdaq selloff erased its post-election gains, putting it at the top of Glassnode's $73,000-$76,000 support band.
Key Facts
Bitcoin dipped to below $76,000 on Thursday as the Nasdaq 100 dropped about 5%, erasing the gains it made after the midterm vote, CoinMarketCap data show.
More than $600 million in bullish crypto bets were liquidated in four hours, including about $190 million in Bitcoin, CoinGlass data show.
Glassnode puts support at $73,000 to $76,000 and says a sustained break below $73,000 would point to a longer consolidation.
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