Bitcoin Slides to a Seven-Week Low Near $75,200 as AI Stocks Drag Wall Street Lower
By Unchained
AI summary of the source article
Bitcoin dropped about 5.9% to a seven-week low near $75,208 amid a broader selloff in U.S. tech and semiconductor stocks. The downturn triggered $1.26 billion in crypto derivatives liquidations, with long positions accounting for 88.6% of the total.
Key facts
- Bitcoin fell to a seven-week low of $75,208 on Binance, erasing gains from a post-midterm rally above $81,000.
- CoinGlass reported $1.26 billion in crypto derivatives liquidations over 24 hours, with bitcoin accounting for $331.64 million.
- The Nasdaq Composite dropped 5.52% and the Philadelphia Semiconductor Index lost 12.25% during Thursday's session.
Source excerpt · Unchained
Bitcoin gave back its post-midterm rally as the S&P 500 and Nasdaq Composite posted their worst day since April 2025, though it fell less than the Nasdaq 100. The post Bitcoin Slides to a Seven-Week Low Near $75,200 as AI Stocks Drag Wall Street Lower appeared first on Unchained .