Bitcoin fell below $77,000 on Tuesday as a sell-off in U.S. chip stocks weighed on global markets. Bitcoin traded at $76,731, down 1.52%, while Ethereum stood at $2,254, down 0.98%.
Why it matters
The pullback came alongside weakness in technology shares, putting crypto in a broader risk-off market backdrop. Investors were also awaiting the U.S. midterm elections.
Market impact
The total crypto market capitalization was $2.68 trillion, with Bitcoin dominance at 57.5%. The Fear & Greed Index registered 26, classified as Fear, while the Altcoin Index stood at 47/100.
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Frequently asked questions
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How far did Bitcoin fall on Tuesday?
Bitcoin fell below $77,000 and traded at $76,731, down 1.52%.
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How did Ethereum perform in the market snapshot?
Ethereum traded at $2,254, down 0.98%.
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What did the Fear & Greed Index indicate?
The index registered 26, classified as Fear.
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What was Bitcoin's share of the crypto market?
Bitcoin dominance stood at 57.5%.
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What broader events were investors watching?
A sell-off in U.S. chip stocks weighed on global markets, while investors awaited the U.S. midterm elections.
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