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Bitcoin, crypto stocks caught in AI trade meltdown, but Wintermute trader sees 'glass half full'

Summary by Quartz
Bitcoin dropped as much as 5.8% as the Nasdaq 100 fell 6.4% in chip-led trading, adding to pressure from the Binance hack

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Bitcoin, which had recovered to the $80,000 range following the midterm elections, plunged more than 6% due to a sharp decline in U.S. tech stocks and uncertainty regarding U.S. policy. According to CoinMarketCap, a global cryptocurrency market data site, as of 8:30 AM on the 28th, Bitcoin was trading at $75,402, down 6.24% from the previous day. Ethereum, the second-largest cryptocurrency by market capitalization, fell 8.57% to $2,215, while XR…

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Bitcoin dropped sharply in value on Thursday as the sell-off of tech stocks on Wall Street spilled over into risky investments such as cryptocurrencies. The world's largest cryptocurrency was trading for around $76,000, representing a daily loss of around 5 percent.

·Apeldoorn, Netherlands (Kingdom of the)
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CryptoTendencia Bitcoin low of US$ 76,000 and the crypto settlements exceed US$ 1 billion. Wintermute maintains its optimism in the medium term. The entry Bitcoin falls below US$ 76,000 in full sale of shares linked to the AI was first published in CriptoTendencia.

Key Points of the News: The total capitalization of the crypto sector lost approximately $140 billion in four hours. Derivative platforms recorded the liquidation of $1,053 million in leveraged positions in 24 hours. Bitcoin's price drops below $76,000 dollars marking a minimum intraday of $75,525. This Thursday the price of Bitcoin is ... Read more

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Crypto Briefing broke the news on Wednesday, November 4, 2026.
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