Bitcoin, which had regained the $80,000 range after the midterm elections, fell more than 6% on a sharp decline in U.S. tech stocks and uncertainty over U.S. policy.
According to CoinMarketCap, a global virtual asset market tracker, as of 8:30 on the 28th, bitcoin was at $75,402, down 6.24% from the previous day. Ethereum, the No. 2 by market value, was down 8.57% at $2,215, and XRP was down 8.11% at $1.2.
Other major assets in the virtual asset market are also plunging, which appears to be influenced by macroeconomic variables and weakness in the U.S. market. The market sentiment index inched up. The Crypto Fear and Greed Index was at 31 (fear) on the day.
