Bitcoin trades near $76,000 as Nasdaq enters correction
BROBROK News · Based on reporting by Bitcoin Magazine ·
Bitcoin fell to around $76,000 on Thursday as a broad selloff in tech and chip stocks hit risk assets. The move came alongside more than $1 billion in liquidations across the crypto market.
Key points
- BTC briefly tested support near $75,400 before stabilizing below $76,000.
- The Nasdaq entered correction territory after a sharp drop in semiconductors and AI-linked stocks.
- About $1.08 billion in leveraged crypto positions were liquidated over 24 hours.
- Nearly $954 million of the liquidations were long positions.
- ETH also fell, while MSTR, COIN, CRCL and crypto miners sold off sharply.
Why it matters
The move reinforces how closely bitcoin is still trading with broader equity risk sentiment, especially in AI and semiconductor names. It also shows how leverage can accelerate declines in crypto during macro-driven selloffs.
Original headline: “Bitcoin Price Trades Near $76,000 as Nasdaq Tumbles into Correction”
Read the original on Bitcoin Magazine
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.