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

We would be the first to admit that BTC didn’t have a good week; in fact, it didn’t have a good month despite some expectations, but the surrounding market environment arguably looks much worse. From Wall Street and China to monetary policy, geopolitics, and a massive hack, several major risk factors have deteriorated simultaneously. Yet, BTC continues to trade in the upper $70,000s. Selling pressure accelerated last week, with brutal sessions for US tech stocks.