The Zhitong Finance App learned that the cryptocurrency market experienced a round of intense sell-off on Thursday due to chip companies' financial reports falling short of expectations and the Democratic Party taking control of Congress to suppress risky assets. However, on Friday, the sell-off was suspended, and Bitcoin followed the trend and picked up slightly.

The Zhitong Finance App learned that the cryptocurrency market experienced a round of intense sell-off on Thursday due to chip companies' financial reports falling short of expectations and the Democratic Party taking control of Congress to suppress risky assets. However, on Friday, the sell-off was suspended, and Bitcoin followed the trend and picked up slightly.