US$1B ETF outflows, Democratic sweep highly likely, Iran war: Can Bitcoin hold US$75,600?

T2Covered by 1 source · first reported by SEA: e27 / Vulcan Post at 04 Nov, 04:28 UTC

Bitcoin fell 1.05 per cent to US$75,830.54 in 24 hours and underperformed a slightly weaker broader market. The move matters because it shows a trading environment tightly tied to macro risk. Bitcoin is 85 per cent correlated with the S&P 500. My view is that three forces reinforce each other…