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Bitcoin price reclaims $78K after U.S. midterm selloff: Is the bottom in?

By Olivia Stephanie

Bitcoin price has reclaimed $78,000 after falling to $75,600 during the U.S. midterm elections, as analysts watch $79,500 resistance and ETF outflows.

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Bitcoin

The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.

Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.

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Exchange-traded fund

An investment fund that holds a basket of assets, such as the shares in an index, and trades on a stock exchange like a single share.

ETFs offer low-cost, diversified investing and are a fast-growing way people save.

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