Bitcoin Slides to a Seven-Week Low Near $75,200 as AI Stocks Drag Wall Street Lower

Bitcoin Slides to a Seven-Week Low Near $75,200 as AI Stocks Drag Wall Street Lower

Bitcoin fell about 5.9% in the 24 hours to 3 a.m. ET Friday, sliding from about $80,360 to $75,620 on Binance as a selloff in artificial intelligence and chip stocks swept U.S. markets on Thursday. The drop erased the post-midterm rally that lifted bitcoin above $81,000 on Wednesday. Most of it came between 9 a.m. and 11 a.m. ET Thursday, around the U.S. stock market open, when the price fell from about $79,700 to $75,568. Bitcoin fell as low as…

Bitcoin Sinks to Seven-Week Low as Risk-Off Mood Deepens

Bitcoin Holds Above $75,000 as AI Regulation Fears Shake Global Markets

Bitcoin remained above $75,000 on Friday as a sell-off in US technology stocks spread to Asian markets, raising concerns over tighter artificial intelligence (AI) regulations following the US midterm elections. BTC fell as much as 6.6% on Thursday to around $75,109 on Bitstamp before stabilizing near its 50-week simple moving average of $75,733. The global […]

Bitcoin Stays Near $75K as AI Regulation Concerns Hit Markets

Bitcoin held above $75,000 on Friday as broader risk markets continued to wobble, with a sell-off in US technology stocks rippling into Asia. Data from TradingView showed BTC/USD trading near its 50-week simple moving average (SMA), around $75,733, after sharp losses the previous day. While crypto traders watched macro headlines for direction, the day’s biggest [...]