Bitcoin holds near $77,000 as investors await the outcome of the U.S. midterm elections.
| Cryptocurrency | Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $77,527 |
| Ethereum | (CRYPTO: ETH) | $2,287 |
| Solana | (CRYPTO: SOL) | $93.32 |
| XRP | (CRYPTO: XRP) | $1.28 |
| Dogecoin | (CRYPTO: DOGE) | $0.07517 |
| Shiba Inu | (CRYPTO: SHIB) | $0.054629 |
Notable Statistics:
- Coinglass data shows 87,569 traders were liquidated in the past 24 hours for $353.26 million.
- SoSoValue data shows net outflows of $398.6 million from spot Bitcoin ETFs on Monday. Spot Ethereum ETFs saw net outflows of $139.8 million.
- In the past 24 hours, top gainers include Lighter, LayerZero and Midnight.
Notable Developments:
- JPMorgan Sees 66% Chance of Blue Sweep: What Does It Mean for Crypto?
- Midterm Result Will Be ‘Non-Event’ for Bitcoin in 6 Months, Bitwise Exec Says
- Bitcoin, XRP, Ethereum Sentiment Tanks but One Coin Is Holding Its Ground
- ‘All Roads Lead To Bitcoin,’ Says Bitwise Exec Matt Hougan In Light of AI Bubble
- XRP Wallet Growth Surges as Price Stalls at $1.25: What’s Going On?
Trader Notes:
Crypto chart analyst Ali Martinez believes Bitcoin has bottomed after falling to $76,195, near the short-term holder realized price of $75,875.
He noted that this level marked local bottoms in March 2023, June 2023 and May 2024, each followed by a recovery.
History is likely to repeat, and the analyst predicts, “uptrend is ready to resume.”
Crypto trader Daan Crypto Trades identified key Bitcoin liquidity levels ahead of the U.S. midterm elections.
He highlighted $75,000 and $76,200 as downside levels to watch, while $82,600, $85,000 and $87,500 represent upside liquidity targets.
These levels coincide with recent highs and lows where large positions entered, and stop-loss orders are likely concentrated.
Image: Shutterstock
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