Bitcoin dropped to its lowest level in seven weeks, falling below $76,000 after a sharp decline of up to 5.8%. The selloff mirrored broader market turbulence, as technology shares tumbled and risk appetite waned. The Nasdaq 100 led the downturn with a 6.4% plunge, driven by weak earnings forecasts from chipmakers and regulatory concerns over the artificial-intelligence sector.
The cryptocurrency market faced additional pressure from industry-specific challenges, compounding the negative sentiment. The broader risk-off mood extended beyond digital assets, reflecting investor caution amid uncertain economic and political outlooks.