Bitcoin falls 6% to $75,700 as AI stock selloff triggers $1.1 billion in liquidations
Bitcoin’s rally after the elections proved short-lived, with the leading cryptocurrency slipping from a high of $80,000 on Wednesday to $75,700 on Thursday. This decline of 6% coincided with a sharp drop in key US technology stocks, as market volatility spread from Wall Street into the cryptocurrency sector. Meanwhile, Ether also suffered significant losses, tumbling more than 7% to $2,247.