Bitcoin crashes 6% to 7-week low as US stocks erase election gains

Bitcoin saw sudden downside at the Wall Street open as stocks witnessed a snap sell-off, reversing post-election gains.

Bitcoin saw sudden downside at the Wall Street open as stocks witnessed a snap sell-off, reversing post-election gains.


Russia's Moscow Exchange is scheduled to launch Bitcoin trading on December 1 under the nation's new cryptocurrency framework. While expanding access, the exchange will impose strict annual investment limits and mandatory testing for retail participants.

Bitcoin's price tumbled over 5% to the $76,000 level as a sharp selloff in the technology sector dampened investor appetite for risk. The decline was exacerbated by the liquidation of leveraged long positions following a rout in chip and AI stocks.
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