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Bitcoin drops 5 percent as AI stocks fall and liquidations hit

Bitcoin erased its earlier gains, falling nearly 5 percent, while $428 million in long positions were liquidated. The decline followed a drop in AI stocks and Democratic midterm wins that raised policy questions.

Part of a series: Bitcoin slides below $80,000 amid Fed and tech jitters

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Bitcoin midterm gains may reflect halving timing

CryptoQuant analysis suggests Bitcoin's post-election rallies align with its four-year halving schedule rather than political outcomes. The asset posted a median 63 percent gain in the year after midterms held from 2014 through 2022.

Fast headlines, summarized. Not verified and not advice. Check the full story before you act.