Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.

Today in crypto, Bitcoin fell below $76,000 as US stocks reversed their post-election gains, France’s National Assembly rejected a budget revenue bill containing proposed crypto tax measures and Democrats threatened investigations into President Donald Trump’s crypto ventures.

Bitcoin (BTC) fell below $76,000 on Thursday as risk assets abruptly reversed their US midterm elections rally. After making swift gains on the back of a Democrat sweep of the US House of Representatives and Senate, equities saw sharp selling on Thursday as traders rotated out of tech.

Crypto markets liquidated nearly $500 million in positioning in the first hour of the US trading session, per data from CoinGlass, with 24-hour total liquidations nearing $850 million.

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