Bitcoin is swinging within the $75,000 to $76,000 box range. Investor sentiment appears to have cooled after the Republican Party, which had been friendly to digital assets, lost the midterm elections.
According to the global virtual asset tracking site CoinMarketCap on the 9th, as of 8:38 a.m. that day, bitcoin was at $75,164.60, down 0.73% from 24 hours earlier.
Ethereum, the No. 2 by market cap, was trading at $2,142.48, down 4.05%. Ripple (XRP) was down 4.11% at $1.11, and Solana was down 2.47% at $87.15.
On the 8th, bitcoin briefly topped $76,000 but returned to $75,000. Over two days, a total of $411.9 million reportedly flowed out on a net basis from the U.S. spot exchange-traded fund market.
With the U.S. October consumer price index set for release on the 10th, if the CPI comes in above expectations and interest rates rise, further declines may be hard to avoid.
