Bitcoin fell 6.0% to USD 75,454 as tech stocks sank, with XRP and Ethereum falling harder.
Liquidations neared USD 1.08B, mostly longs.
The US jobs report and USD 75,000 support will steer sentiment next.
Bitcoin slipped to USD 75,454 on Friday as a sharp technology selloff erased the post-midterm rally. The flagship asset lost 6.0% over 24 hours, and its market value fell to USD 1.52 trillion.
Long traders took the heaviest losses as the Nasdaq tumbled more than 5%. Derivatives desks counted nearly USD 1.08 billion in liquidations. XRP and Ethereum led the declines among the top 13 coins.
Bitcoin trades at USD 75,454.02, down 6.0% over 24 hours. Market capitalization stands at USD 1.52 trillion, with 24-hour volume at USD 44.55 billion. Buyers now guard the USD 75,000 floor, while USD 80,000 caps the upside.
Below is today's Daily Quote roundup from leading crypto market analysts on Bitcoin's near-term structure.
"Bitcoin has slipped back to around USD 76,000, erasing its post-election gains as weakness in US technology and AI stocks spilled into crypto markets. Nearly USD 1.08 billion in positions were liquidated over 24 hours. Markets await the US jobs report, with USD 80,000 as resistance and USD 75,000 as key support."
"BTC pulled back to USD 76K as weakness in AI and semiconductor stocks weighs on broader market sentiment. BTC's failure to sustain a recovery above USD 80,500 signals limited near-term buying demand. USD 73K and USD 68K are potential downside levels, with altcoins facing greater risks."
"Bitcoin's failure to sustain its recovery above USD 80,000 has reinforced bearish momentum, highlighting crypto's growing sensitivity to US equity markets. Bitcoin has fallen below all four major EMAs on the four-hour chart, with the 75,000 to 75,733 region emerging as critical support."
"Bitcoin, near USD 75,984, was down 5.88% over 24 hours, while Ether traded around USD 2,234. Total cryptocurrency market capitalization fell 5.02% to USD 2.55 trillion. The Fear and Greed Index registered 32, indicating fear. Crypto-specific optimism may struggle to sustain a recovery while broader markets remain under pressure."
Also Read: Fidelity Bitcoin ETF Draws USD 237M as US Spot Fund Inflows Rebound
| Coin | Price | 24h | Market Cap | Volume (24h) |
|---|---|---|---|---|
| Bitcoin (BTC) | USD 75,454.02 | -6.00% | USD 1.52T | USD 44.55B |
| Ethereum (ETH) | USD 2,220.05 | -7.90% | USD 271.33B | USD 17.45B |
| Tether (USDT) | USD 0.9990 | 0.00% | USD 177.56B | USD 68.32B |
| BNB (BNB) | USD 689.73 | -3.10% | USD 90.69B | USD 1.18B |
| XRP (XRP) | USD 1.20 | -8.00% | USD 76.06B | USD 2.45B |
| USDC (USDC) | USD 0.9994 | 0.00% | USD 70.48B | USD 18.48B |
| Solana (SOL) | USD 89.15 | -7.10% | USD 52.61B | USD 4.58B |
| TRON (TRX) | USD 0.3183 | -0.40% | USD 30.25B | USD 419.37M |
| Figure Heloc (FIGR_HELOC) | USD 1.04 | 0.01 | USD 27.18B | USD 504.51M |
| Zcash (ZEC) | USD 1,263.94 | -2.70% | USD 21.51B | USD 1.35B |
| Hyperliquid (HYPE) | USD 77.60 | -6.60% | USD 18.57B | USD 1.41B |
| Monero (XMR) | USD 617.55 | -2.40% | USD 11.62B | USD 153.81M |
| Dogecoin (DOGE) | USD 0.07142 | -6.90% | USD 11.19B | USD 793.57M |
Source: CoinGecko, prices as of today's session.
Figure Heloc was the only gainer among the top 13, up 1.0% to USD 1.04. XRP led the losers, down 8.0% to USD 1.20, followed by Ethereum at 7.9%. Solana fell 7.1%, Dogecoin 6.9%, and Hyperliquid 6.6%.
The Nasdaq fell 5.52% and the S&P 500 dropped 4.36% as investors reassessed AI valuations and technology spending. Bitcoin followed equities lower, which wiped out all gains from the post-midterm session. Coinbase and mining stocks also tumbled alongside technology shares.
The VIX jumped 69.66% to 28.18, a sharp rise in expected equity volatility. Crypto now behaves like a high beta extension of risk assets, so equity stress reaches tokens fast. Traders will watch Nasdaq futures closely for the next directional signal.
Long positions absorbed USD 954 million of forced closures, against USD 127 million for shorts. Bitcoin's volatility index climbed above 42, which signals elevated expectations for price swings. Traders had positioned for further gains, so the reversal hit them hard.
About 211,000 traders were affected by the wave. Longs made up roughly 93% of liquidations in one four-hour window. Forced liquidations can add selling pressure when traders run short of collateral, potentially extending a market decline. Open interest will show whether leverage has reset.
The US October employment report lands at 7:00 PM IST today. Payroll numbers could shift Federal Reserve rate expectations and trigger fresh volatility across crypto and equities. Softer employment data could support a broader recovery, according to Delta Exchange.
Reuters data cited by Giottus shows a 66.1% probability of a December Fed rate hike. Gold rose 1% to USD 4,100 an ounce as the dollar and Treasury yields weakened. Rate hike risk keeps leveraged traders cautious on fresh exposure.
US spot Bitcoin ETFs took in a net USD 74.6 million on November 4. Fidelity's FBTC drew USD 236.7 million, while BlackRock's IBIT saw USD 201.2 million in outflows. This followed USD 514.2 million of combined outflows on November 2 and 3.
Across the three sessions, the funds still recorded net outflows of USD 439.6 million. Sustained inflows are needed to confirm a durable floor. Until then, ETF demand remains the cleanest gauge of institutional appetite across the market.
Hyperliquid fell more than 6% on Friday and tested the USD 76 level before steadying near USD 77.60. The decline carried no Hyperliquid-specific trigger, so HYPE moved in step with Bitcoin and Ether. Analysts call it a market slide, not company news.
The Assistance Fund, the protocol's buyback vehicle, holds 48.7 million HYPE in its system address. The reserve matters for supply dynamics. Longs keep paying funding, which signals persistent long positioning. Market capitalization stands at USD 18.57 billion.
Desks mark USD 75,000 as near-term support. A close above USD 77,950 to USD 78,450 would improve momentum, while USD 80,000 stays the main ceiling. A breakdown could open USD 73,000 and USD 68,000.
Jobs data and Nasdaq direction will steer sentiment next. Investors may favor staggered entries and modest position sizes until stronger confirmation appears.
1. What is the Bitcoin price today?
Bitcoin trades near USD 75,454.02, down 6.0% in 24 hours. Market capitalization stands at USD 1.52 trillion, and 24-hour volume reached USD 44.55 billion as the technology selloff spilled into crypto.
2. Which crypto fell the most among the top coins today?
XRP fell the most among the top 13 coins, dropping 8.0% to USD 1.20. Ethereum lost 7.9%, Solana slipped 7.1%, Dogecoin declined 6.9%, while Figure Heloc rose 1.0% as the lone gainer.
3. What moved crypto markets today?
A sharp Nasdaq selloff in technology and AI stocks erased post-midterm gains. Liquidations neared USD 1.08 billion, mostly longs, while traders await the US jobs report and Federal Reserve signals.
4. What are the key Bitcoin levels to watch?
Traders track USD 75,000 as support and USD 80,000 as resistance. A recovery above USD 77,950 would improve momentum, while a breakdown could expose USD 73,000 and USD 68,000. Jobs data may add volatility.