Bitcoin crashes below $76,000 as AI bubble fears wipe $2.5 trillion from Wall Street
Technology stocks plunged after the Democratic midterm sweep intensified concerns over AI spending, dragging Bitcoin lower as leveraged traders suffered heavy losses. Bitcoin hit an intraday low of $75,568 on Thursday and recovered to $76,830.67 as of press time, as a historic selloff in US technology stocks spilled into crypto markets and triggered more than… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Key Takeaways
- Technology stocks plunged after the Democratic midterm sweep intensified concerns over AI spending, dragging Bitcoin lower as leveraged traders suffered heavy losses.
- Bitcoin hit an intraday low of $75,568 on Thursday and recovered to $76,830.67 as of press time, as a historic selloff in US technology stocks spilled into crypto markets and triggered more than… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next.
- Get The Catalyst in your inbox
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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