Bitcoin slips back toward 73k as election-era gains fade
TL;DR
Bitcoin fell toward $73,000, erasing gains from the Trump-era rally as a broad crypto downturn persisted. A Glassnode note highlighted that about 44% of Bitcoin supply is now underwater after a roughly 30% drop, while the RSI sits near oversold levels around 30, suggesting further downside risk. Spot Bitcoin ETFs saw inflows, but derivatives markets faced heavy liquidations, with other major assets also slipping amid macro uncertainty and a looming U.S. government shutdown.
- Bitcoin tests $73,000, erasing gains since Trump's election night win The Block
- Bitcoin hits lowest level since 2024 and stocks stumble as AI and geopolitical nerves fray CNN
- Bitcoin-Led Crypto Rout Erases Nearly Half a Trillion in a Week Bloomberg.com
- Bitcoin: Finally The Crash Is Here Forbes
- Crypto market volatility triggers $2.5 billion in bitcoin liquidations Reuters
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