Since the start of this month, the global crypto market has lost more than $180 billion, bringing its total value down to $2.64 trillion. The drop comes after Democrats won the midterm elections, raising fears of stricter crypto rules.

Bitcoin, Ethereum and XRP are also showing signs of further losses as the market continues to fall. But how much lower could their prices go if selling continues?

Bitcoin Could Fall Toward $60K

On 5 November, Bitcoin fell below $75,000 after hitting $81K, following the release of the US Initial Jobless Claims report, which unexpectedly fell to 189,000 against expectations of 197,000.

Meanwhile, well-known crypto analyst Ali Martinez said Bitcoin is trading within a wide channel on the three-day chart….