Bitcoin price stalls below $76K as major altcoins suffer double-digit losses: Market watch

Bitcoin price has remained below $76,000 during Sunday’s trading session as the cryptocurrency market approaches another negative weekly close, with several major altcoins recording double-digit losses over the past seven days. Summary Bitcoin price remained below $76,000 on Sunday after falling nearly 3% over the preceding seven days. NEAR, Bitcoin Cash, Hyperliquid and Stellar posted double-digit weekly declines as altcoin selling continued widely. U.S. spot Bitcoin ETFs recorded $1.28 billion in withdrawals during the November 2–6 trading week. TRON and Zcash gained over the week, contrasting with falling prices across several major altcoins. Analyst Michaël van de Poppe identified $76,000 as Bitcoin’s immediate threshold for renewed upward momentum. The November 8 market data showed Bitcoin price trading near $75,882, down nearly 2.69% over the week. Although the cryptocurrency experienced relatively little movement during the weekend, its failure to recover above $76,000 followed several volatile sessions that pushed prices briefly below $75,000. Bitcoin price chart, source: crypto.news Selling pressure has been more pronounced among smaller cryptocurrencies, with NEAR, Bitcoi...