Bitcoin falls below $76,000 after AI-led tech selloff
Bitcoin's drop came during a broader tech market rout that drove heavy liquidations and ETF outflows.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
This story is no longer being updated. It reflects reporting up to .
What happened
Bitcoin fell below $76,000 on Thursday during a tech-driven market rout led by an AI-related selloff, which triggered more than $1 billion in liquidations. It then bounced from around $75,200 and climbed back above $76,000 on Friday, as traders awaited U.S. jobs figures.
Timeline
- Thursday: An AI-led tech selloff pushed Bitcoin below $76,000 and drove more than $1 billion in liquidations.
- Nov 6, 4:53 AM ET: Bitcoin recovered above $76,000 after ETFs shed $430 million.
- Nov 6, 9:54 PM ET: Bitcoin slipped toward its 50-week moving average on Friday, threatening a run of weekly closes above the trend line.
- Nov 7, 3:12 AM ET: Bitcoin rebounded to $76,000, but a $1.3 billion ETF exodus tested the recovery.
Coverage
- Bitcoin rebounds to $76,000, but $1.3 billion ETF exodus tests recovery (Investing.com)
- Bitcoin Slips Toward 50-Week Moving Average, Putting Post-September Recovery To The Test: Weekly Close Streak Hangs In Balance (stocktwits.com)
- Bitcoin’s ‘Best Buying Opportunity Ever’ Is Here, Mark Moss Says, but ‘Crypto Is Dead’ (benzinga.com)
- Bitcoin Under $76,000 After $430M ETF Outflows. Has It Bottomed? (247wallst.com)
- Bitcoin Tumbles On ETF Flows, Liquidations. IREN Leads Miner Rebound Attempt. (Investor's Business Daily)
- Over $1 billion in bullish bets liquidated while ETFs suggest no help in spot market: Crypto Daily (coindesk.com)
- Bitcoin steadies after AI-led selloff as eyes turn to latest U.S. jobs figures: Crypto Markets Today (coindesk.com)
- Bitcoin recovers $76,000 level as ETFs shed $430 million after tech rout (coindesk.com)
- Nasdaq enters correction after AI stock sell-off
- Tech stocks slump as AI selloff hits Wall Street after midterms
- AI stock selloff wipes out $2.3 trillion as investors rethink tech
- Tech stocks slide as AI selloff follows Democratic midterm wins
- Tech stocks slide as midterm results fuel AI selloff fears
- Trump attributes market drop to Democrats' midterm gains
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