Bitcoin fell more than 4%, dropping below $77,000, as a technology stock selloff spread to risk assets. Ethereum, Solana and XRP lost between 4% and 6%, pushing the total crypto market capitalization down 4.6% to approximately $2.57 trillion. More than $574 million in leveraged crypto positions were liquidated within an hour, including over $540 million in long positions. On Wall Street, the S&P 500 lost more than 2.3% and the Nasdaq about 3.5%, with particularly steep declines in semiconductor stocks and companies linked to artificial intelligence infrastructure. Investors are concerned about the risk of restrictions on data center construction, which could affect 30% of the US capacity expected in 2028.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
