Bitcoin Price Tumbles Below $77,000 in Tech Stock Selloff
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Bitcoin fell below $77,000 on Thursday, dropping $5,046 from its Nov. 4 peak of $81,105 to $76,059 on Bitstamp as a technology stock selloff spilled into crypto markets. Selling accelerated around 10 a.m. Eastern, erasing Wednesday's post-election recovery as semiconductor shares weakened. Traders are now watching the $75,600 to $76,000 support zone, with a break below potentially opening further downside. The move highlights bitcoin's continued sensitivity to broader risk-asset sentiment, particularly in tech equities.
Muhabbit's AI wrote this summary in its own words from Bitcoin.com News's report. It can get details wrong, so check the source.
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Bitcoin (BTC), Bitstamp
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