AI spending fears drive Bitcoin drop alongside tech stock selloff

Community Trust Score Verified 80 % Real Verified 15 votes Updated 2 minutes ago Bitcoin fell below the $76,000 threshold on Thursday, reaching an intraday low of $75,568, as a historic selloff in US technology stocks spread into cryptocurrency markets. The decline followed a plunge in tech shares that intensified concerns over artificial intelligence spending, causing leveraged traders to suffer heavy losses. By press time, the price had recovered to $76,830.67. The movement in Bitcoin was directly linked to broader equity market activity.

Source: The Currency Analytics