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● LIVE Updated 20m ago · 12 sources tracked

Bitcoin Price Crashes Over 5% to $75,000 as Tech Rout Wipes Out Leveraged Longs

Bitcoin's price fell over 5% to around $75,000 as a tech rout wiped out leveraged longs. The decline followed a Nasdaq selloff in chip and AI stocks, with the price sliding from above $80,800 to near $76,000. This drop triggered over $1 billion in crypto liquidations. Bitcoin has since recovered to around $76,000.

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  • ✓ Bitcoin's price fell over 5% to around $75,000.
  • ✓ The decline triggered over $1 billion in crypto liquidations.
  • ✓ Bitcoin's price slid from above $80,800 to near $76,000.
  • ✓ The tech rout led to a significant increase in liquidations of leveraged long positions in crypto.
🛡️ Source Corroboration: 12 independent reporting domains (85% confidence) ⏱ Read time: ~2 min

What changed

Bitcoin's price continued to experience volatility, with a recovery to around $76,000 after falling to $75,000.

Live updates

  1. Bitcoin Price Crashes Over 5% to $75,000 Amid Tech Rout

    Bitcoin's price fell over 5% to around $75,000 as a tech rout wiped out leveraged longs. The decline followed a Nasdaq selloff in chip and AI stocks, with the price sliding from above $80,800 to near $76,000. This drop triggered over $1 billion in crypto liquidations. Bitcoin has since recovered to around $76,000.

    Why it matters

    The recent decline in Bitcoin's price is attributed to a broader tech selloff, specifically in chip and AI stocks. This has led to a significant increase in liquidations of leveraged long positions in crypto. The crypto market's downturn is also affecting related stocks and ETFs.

    What is confirmed

    • Bitcoin's price fell over 5% to around $75,000.
    • The decline triggered over $1 billion in crypto liquidations.
    • Bitcoin's price slid from above $80,800 to near $76,000.
    • The tech rout led to a significant increase in liquidations of leveraged long positions in crypto.
    • Bitcoin has since recovered to around $76,000.

    What to watch next

    • Further developments in the tech sector that could impact crypto
    • Changes in ETF flows and their impact on the spot market
    • Bitcoin's price movement in relation to the $76,000 level
    Sources used for this update (16)
    1. Bitcoin Magazine — Bitcoin Price Crashes Over 5% to $75,000 as Tech Rout Wipes Out Leveraged Longs
    2. Bloomberg.com — Bitcoin Sinks to Seven-Week Low as Risk-Off Mood Deepens
    3. Yahoo Finance — Bitcoin tumbles to $76,000 as post-election stock rally fades
    4. CoinDesk — Bitcoin tumbles to $76,000 as collapsing AI trade drags stocks sharply lower
    5. WSJ — Bitcoin Slides 5% as Tech Rout Deepens
    6. Seeking Alpha — Bitcoin erases post-midterm bounce, leading crypto stocks down (BTC-USD:Cryptocurrency)
    7. Yahoo Finance — Bitcoin tumbles below $76,000 as post-election stock rally fades
    8. The Block — Bitcoin erases post-election gains as Wall Street selloff triggers over $1 billion in crypto liquidations
    9. CoinDesk — Bitcoin recovers $76,000 level as ETFs shed $430 million after tech rout
    10. Bloomberg.com — Bitcoin Selloff Eases as Investors Explore Cautious Recovery
    11. CoinDesk — Over $1 billion in bullish bets liquidated while ETF flows suggest no help in spot market
    12. bitcoinmagazine.com — Bitcoin Price Crashes 5% Below $75,000 Amid Tech Rout
    confidence 85%
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