Bitcoin falls 5.7% to $75,994 as AI stocks and US indexes slide

Bitcoin reversed its previous gains on November 5 as technology shares linked to artificial intelligence dropped sharply and a wave of crypto long liquidations swept through the market. The cryptocurrency’s price fell nearly 5% in a single day, with CoinGecko recording a value of $75,994 at 18:13 UTC, representing a 5.7% decline over 24 hours. Major US equities also declined on November 5, as investors grew cautious about prospects for returns on AI infrastructure spending.

Source: CoinTurk News