The crypto market has suffered another round of losses on November 9, with Bitcoin falling below $75,000 and Ethereum trading near $2,100 as concerns over US crypto regulation, the Binance hack and institutional withdrawals continue to weigh on prices.
Summary
- Bitcoin traded at $74,584, down 1.4% over the past 24 hours, while Ethereum fell 4.4% to $2,137 and recorded a weekly loss of 7.4%.
- Democratic victories in the US midterm elections raised concerns over stricter cryptocurrency regulations and the future of industry backed legislation.
- The reported $6.34 billion Binance hack continued to weigh on market sentiment, with customers withdrawing billions of dollars after the…
