Bitget UEX Daily Report | Bitcoin falls below $77,000; Nasdaq plunges 5.52%; nonfarm payrolls to test rate expectations

Bitcoin fell 5.47% to $76,152 and Ether dropped 7.53% to $2,241 as the total crypto market cap slid 7.84% to about $2.57 trillion, with the selloff coinciding with a 5.52% plunge in the Nasdaq and sharp declines in AI-linked chip stocks including AMD (-17.26%) and Micron (-17.46%). The crypto drop puts BTC roughly 0.83% above Strategy's disclosed average cost of $75,451 across 849,327 BTC, while Glassnode's estimate of a $81,500 aggregate cost basis for U.S. spot Bitcoin ETFs implies about a 6.66% unrealized loss. Crypto equities also weakened, with Coinbase down 9.69%, Strategy down 9.29% and Robinhood down 10.32%. The moves reflect a broad risk-off session rather than crypto-specific news, and traders are watching whether BTC can hold around the $75,451 Strategy cost level and reclaim $77,000. Next, U.S. nonfarm payrolls, the unemployment rate and wage data will shape rate expectations and dollar direction, with UK rate policy already signaling that central banks are not rushing to ease.