Bitcoin fell about 5% on Thursday morning, sliding from above $80,800 to near $76,000 after a sharp selloff in technology stocks spread into crypto markets. The Nasdaq Composite tumbled as much as 3.9%, while the S&P 500 lost about 2%; Nvidia and Broadcom dropped roughly 5%, Tesla 9%, and Sandisk nearly 19%. About $370 million in leveraged crypto positions were liquidated within an hour, mostly long bets, after Bitcoin broke below $77,000. U.S. initial jobless claims unexpectedly fell to 189,000, reducing the likelihood of a rapid Federal Reserve policy easing. Traders are watching the October jobs report, the November 10 CPI release, the Fed’s December 9 decision, and the $75,000 support level.
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