Bitcoin traded near $76,000 on Thursday afternoon, down more than 5%, following a selloff in semiconductor and artificial intelligence stocks. The Nasdaq Composite fell about 5%, dropping more than 10% below its record close from last month, while the S&P 500 lost roughly 4% and the Dow shed more than 1,600 points. About $1.08 billion in leveraged cryptocurrency positions were liquidated over 24 hours, including nearly $954 million in longs, pulling ether below $2,300. Strategy, Coinbase and Circle each fell more than 10%, while some bitcoin miners dropped as much as 20%. Markets are now awaiting October’s jobs report, the October inflation reading due on November 10 and the Federal Reserve’s December 9 decision, with bitcoin needing to hold the support level near $75,400.
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