Bitcoin price defends $76K lows as analysts see stocks pricing in ‘political gridlock’
Bitcoin made modest gains at the start of Wall Street trading on Tuesday as markets awaited cues from the US midterm elections.
Bitcoin made modest gains at the start of Wall Street trading on Tuesday as markets awaited cues from the US midterm elections.
Bitcoin (BTC) headed higher at Tuesday’s Wall Street open as a tech-stock rebound under the shadow of uncertainty surrounding the US midterm elections.
Data from TradingView showed BTC/USD circling $77,000, continuing to retain local lows near $76,300 seen on Friday.
The S&P 500 and tech-heavy Nasdaq Composite Index finished Monday down 0.5% and 1.1%, respectively. Analysts at trading resource The Kobeissi Letter argued that US political uncertainty, rather than concerns over AI spending alone, was driving market weakness.