Bitcoin Price Crashes Over 5% to $75,000 as Tech Rout Wipes Out Leveraged Longs

Key points

• Bitcoin experienced a sharp decline on Thursday morning, dropping over 5% from above $80,800 to near $76,600.
• The price fall coincided with a broader tech sector selloff on the Nasdaq, particularly affecting artificial intelligence and semiconductor stocks.
• The market downturn triggered significant liquidations across crypto markets, wiping out numerous leveraged long positions.

Summarized automatically by Kryptokite from reporting by Bitcoin Magazine. Read the original sources for full detail.