Stock Market Highlights: US stocks rebound, but Nasdaq posts fourth straight weekly decline

Bitcoin settled near $75,600 on Friday after a steep 6% plunge from above $80,000, mirroring a broader selloff in high-risk assets sparked by poor chipmaker earnings and the Democratic victory in the US midterm elections. Digital assets like Ether, Solana, and BNB remained flat as selling pressure eased, though analysts cautioned against viewing the brief pause as a full recovery without stronger catalysts.

The cryptocurrency sector remains under pressure following a recent $6.3 billion hack on Binance and ongoing volatility in AI-related tech stocks, to which many Bitcoin miners are linked. Investors pulled $430 million from US spot Bitcoin ETFs on Thursday, highlighting cautious sentiment as traders watch whether the asset can hold the $75,000 support level or regain momentum above $77,000.