Bitcoin drops below $77,000 as chip rout deepens ahead of U.S. midterm vote

Key points

• Bitcoin fell below $77,000 alongside broader market declines driven by a deepening semiconductor stock sell-off prior to the U.S. midterm elections.
• The downturn extended to other digital assets, with ZEC plunging almost 10% and BNB dropping beneath $700.
• These crypto losses coincided with the Nasdaq 100 entering correction territory and pulling Asian equities lower.

Summarized automatically by Kryptokite from reporting by CoinDesk. Read the original sources for full detail.