ZEC and NEAR Tank Again, BTC Dives Ahead of US Midterm Elections: Market Watch

RAIN is among the few alts today to defy the overall market weakness. Bitcoin’s gradual recovery following the Binance hack came to an end over the past 12-18 hours or so, with the asset dropping below $77,000 once again ahead of the US midterm elections. Most altcoins have followed suit, with substantial losses seen in ZEC, NEAR, ENA, and several others. BTC Slips Below $77K The promise of an ‘Uptober’ failed dramatically after the rejection at $85,000 on October 21 and the subsequent correction toward $80,000. Although BTC had dipped below that level on several occasions, it still managed to remain above it after the US Federal Reserve held rates unchanged last Wednesday. However, the devastating Binance hack that unfolded on Friday put the final nail in the Uptober coffin, with BTC nosediving by several grand to a six-week low of $76,100. The asset tried to rebound almost immediately, and there were some positives over the weekend. It rebounded further to $79,000 on Monday morning, but it was rejected there and couldn’t go through that level. It has been mostly downhill since then. The asset plunged to $76,400 once again earlier this morning alongside most of Wall Street, and mo...