Bitcoin Slides Toward US$76K As ETF Outflows and US Midterms Weigh on Markets

Bitcoin ( BTC ) is sliding closer towards the US$76K (AU$109.2K) mark. At the time of writing, it was trading for US$76,249 (AU$109,559), down 0.7% over the past day and 5.8% over the past week. This comes after the Binance hack , in which US$6.3 billion (AU$9 billion) was stolen, and users withdrew US$4.7 billion (AU$6.6 billion) following the restart of the exchange. Further potential downside pressure comes amid the Middle East crisis and high energy prices worldwide.