Crypto Market Trims $140 Billion as BTC Slips Below $76K

In just four hours, another massive crypto crash wiped out $140 billion in market cap as BTC crumbled below the key $76K support level on Nov. 5. The significant market retracement wiped out a huge part of recent gains, sending a massive wave of liquidations across major crypto exchanges. At its lowest point, Bitcoin fell to around $75,900 as selling pressure ramped up, unwinding its recent rebound above the $80K mark on Nov. 4. The recent crypto market crash also coincides with a sudden drop in U.S. tech stocks, further concerns over Fed monetary policy, and uncertainty over the implications of the U.S. midterm elections for regulation.

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