[MARKET UPDATE] Bitcoin falls under USD 70,000 for the first time since November 2024
Newsquawk Staff ·
Bitcoin falls under USD 70,000 for the first time since November 2024.
What it means
Bitcoin's drop below USD 70,000 marks a significant technical level and a psychological barrier, reflecting potential bearish sentiment in the crypto market. This move could trigger further selling pressure as traders reassess their positions, particularly with the long-term trend now showing signs of reversal. Keep an eye on the implications for altcoins and broader risk sentiment, as this breakdown may influence investor behavior across other asset classes.
- [MARKET ANALYSIS] Asia-Pac stocks trade mixed folowing the continued tech rout stateside where the Nasdaq 100 slipped into a correction and with markets cautious ahead of the US midterm election
- [MARKET ANALYSIS] Dollar is flat ahead of the midterms, while yuan weakens after the PBoC raised its FX RRR
- [MARKET ANALYSIS] T-note futures pulled back after gaining yesterday alongside a slump in oil prices, while demand is contained with cash treasuries trading shut overnight amid the Tokyo closure
- [MARKET ANALYSIS] Oil prices are contained after dropping 8% on Monday amid hopes for diplomacy and despite a report that the US conducting a small-scale, defensive attack on Iran's Qeshm Island
- Newsquawk Daily Asia-Pac Opening News - 3rd November 2026
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