Bitcoin (BTC) Price Slips Below $76,000 as Midterm Rally Fades and AI Stocks Drop

TLDR Bitcoin fell to $75,463, its lowest level since Sept. 16, after the post-election rally reversed. The Nasdaq lost 5.5% in a session driven by a sell-off in AI stocks. More than $1 billion in crypto derivatives positions were liquidated in 24 hours, per CoinGlass. BTC briefly dipped below its 50-week SMA at $75,733. Gold rose 0.6% to $4,094 per ounce while risk assets fell. Bitcoin gave back its post-election gains on Thursday. The price dropped below $76,000 as US stocks sold off sharply. Data from TradingView showed BTC/USD falling more than 6% to $75,463 on Bitstamp. That is the lowest level for the coin since Sept. 16. CoinDesk data showed bitcoin down about 5.2% over 24 hours, trading just under $76,000.

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