Bitcoin crashes below $76,000 as AI bubble fears wipe $2.5 trillion from Wall Street
Summary
Bitcoin fell to an intraday low of $75,568 as a sharp US technology-stock selloff spread into crypto markets. About $1 billion in leveraged positions were liquidated over 24 hours, including roughly $927 million in bullish bets; Bitcoin and Ethereum accounted for the largest crypto losses. The Nasdaq dropped 4.9%, while the S&P 500 fell 3.2%. Investors reassessed expectations for AI infrastructure spending amid concerns about political scrutiny, data-center restrictions and whether projected returns justify high investment costs. The simultaneous declines highlight Bitcoin’s growing correlation with technology stocks during market stress.
