Bitcoin and other cryptocurrencies declined sharply following a broad selloff on Wall Street. Bitcoin fell 6% to approximately $75,700, while Ethereum dropped 7% as technology stocks weakened, with the Nasdaq losing 5%. The move erased Bitcoin’s gains following the U.S. midterm elections, when the cryptocurrency had risen above $80,000. More than $1 billion in positions were liquidated, mainly longs, confirming a risk-off sentiment across markets. Investors are watching decisions by the Federal Reserve, the U.S. Treasury and major financial institutions, along with upcoming economic data and announcements that could influence the market.
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