Bitcoin Holds Critical $76K Level as AI Sell-Off Triggers Market-Wide Panic
Summary
Bitcoin briefly rebounded toward $76,150 after falling near $75,200, but remained sharply lower as technology-stock losses and risk aversion weighed on crypto markets. More than $1.1 billion in crypto positions were liquidated, mostly leveraged longs. US spot Bitcoin ETFs continued to see outflows, including withdrawals from Fidelity’s FBTC and BlackRock’s IBIT. Traders awaited the US jobs report, while Bitcoin faced support near $75,000 and resistance around $76,800–$77,000; a breakdown could expose $74,000. Altcoins were mixed, with privacy assets relatively resilient and the Altcoin Season Index declining.
