Bitcoin drops below $77,000 as chip rout deepens ahead of U.S. midterm vote
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Bitcoin dropped below $77,000 as a deepening rout in chip stocks pushed the Nasdaq 100 into correction territory, dragging Asian equities lower ahead of the U.S. midterm vote. ZEC tumbled nearly 10% alongside the decline, while BNB fell under $700, underscoring broad risk-off pressure across digital assets. The selloff reflects growing sensitivity of crypto markets to technology-sector weakness and macro uncertainty surrounding the election. Traders are watching whether Bitcoin can hold the $77,000 level and whether equity markets stabilize after the vote.
Muhabbit's AI wrote this summary in its own words from CoinDesk's report. It can get details wrong, so check the source.
Named in this story
Bitcoin (BTC), BNB (BNB), ZEC (ZEC), Nasdaq 100
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