Bitcoin fell to around $75,700 on Friday, down 6% over 24 hours and hitting an overnight low of $75,230 after briefly trading above $80,000. About $1.09 billion in leveraged positions were liquidated in a day, while the crypto market capitalization dropped 7.7% to $2.57 trillion. The move followed a crash in artificial intelligence-related stocks, with the Nasdaq 100 losing 6.4% amid policy concerns about data centers and disappointing results from the chip industry. U.S. employment data due at 2:30 p.m. is now crucial, as a strong figure could reinforce expectations of interest rate hikes while a weak one could intensify recession fears; Bitcoin traders are watching $73,000 and then $68,000 as the next support levels cited by Wintermute.
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