Bitcoin Price Crashes Over 5% to $76,000 as Tech Rout Wipes Out Leveraged Longs
By Micah Zimmerman
AI summary of the source article
Bitcoin dropped roughly 5% to near $76,000 on Thursday morning as a tech stock selloff spread into crypto markets. The downturn triggered roughly $370 million in leveraged crypto position liquidations within about an hour.
Key facts
- Bitcoin fell over $4,000 from above $80,800 to a low near $76,100 shortly after U.S. stock markets opened.
- Roughly $370 million in leveraged crypto positions, primarily long bets, were liquidated in about an hour as bitcoin broke below $77,000.
- U.S. spot bitcoin ETFs saw net inflows of $74.6 million on Wednesday, ending a three-day streak of outflows.
Source excerpt · Bitcoin Magazine
Bitcoin Magazine Bitcoin Price Crashes Over 5% to $76,000 as Tech Rout Wipes Out Leveraged Longs Bitcoin price fell from above $80,800 to near $76,600 on Thursday morning as a Nasdaq selloff in chip and AI stocks spilled into crypto. This post Bitcoin Price Crashes Over 5% to $76,000 as Tech Rout Wipes Out Leveraged Longs first appeared on Bitcoin Magazine and is written by Micah Zimmerman .