Bitcoin is trading at $75,586.57, down 4.81%, as technology and chip-stock selloffs weigh on markets.
- Reports linked investor concerns to AI infrastructure spending and regulation following the U.S. midterm results.
- Forced liquidations of leveraged crypto positions added selling pressure; one report counted $1.03 billion in liquidations over 24 hours.
- No clear Bitcoin-specific announcement was identified; the move appears driven by broader market sentiment rather than a company-specific catalyst.