Bitcoin Should Be Plunging Much Harder: So Why Is BTC Still Above $77K?

Bitcoin still trading above $77,000 is confounding given a backdrop that the article says has worsened across markets and geopolitics. It points to sharp risk-off moves on Wall Street and in China, with the Nasdaq Composite down nearly 3% on Friday and about 8% below its October 6 record, while China’s CSI 300 fell 1.4% on Friday and lost 8.5% in October—its biggest monthly drop in more than a decade. The piece links Friday’s BTC drop mainly to Binance’s reported $6.3 billion hack, noting a rebound of almost $2,000 from $76,100. It also cites hotter data, with December Fed hike odds near 80%, plus reports of potential escalation involving Iran.