Bitcoin rebounds from $76k low as ETF outflows and election jitters hit

Bitcoin slipped as low as 76 268 dollars before clawing back toward 77 660 dollars, up just 0.3 percent on the day. Fresh selling pressure followed roughly 400 million dollars in net outflows from U.S. spot Bitcoin ETFs and 96 million dollars in Bitcoin-related liquidations.

The move coincided with U.S. mid-term elections that could hand Democrats control of Congress, potentially stalling pro-crypto bills backed by the Trump administration.

Geopolitical tension between the U.S. and Iran added to the caution, while Swapspace CEO Evan Ceolini warned that quantum-computing risks remain only partly priced in by institutions.

Across crypto markets, total liquidations topped 365 million dollars, with long positions accounting for 286 million.

Based on information from cryptonews.net