Bitcoin dropped more than 7% over two days, reaching its lowest level in nearly three months. The cryptocurrency had climbed to USD 81,000 following the US midterm elections before reversing sharply. Prices subsequently declined below USD 76,000, followed by another correction toward USD 74,000.
Selling intensified after US inflation data, pushing Bitcoin below USD 73,000. A temporary recovery toward USD 75,000 failed, with BTC subsequently falling through USD 70,000 and USD 69,000. The broader cryptocurrency market lost more than 9% of its capitalization over the past week.
