Bitcoin prices dipped Thursday amid growing uncertainty in the technology sector, which dampened investor risk appetite. The world's largest cryptocurrency fell as much as 1.4% and was trading around $73,500 as of 8:45 a.m. in London. The decline came as concerns over leadership turmoil at Nvidia Corp. weighed on the broader artificial-intelligence trade, pulling down US stock futures.
The sell-off in Bitcoin was compounded by persistent withdrawals from US spot exchange-traded funds, adding to the downward pressure. Other cryptocurrencies also weakened in tandem with the broader market sentiment.