Bitcoin Price Falls Below $75K for First Time Since August as Tech Sell-Off Deepens

Bitcoin briefly fell below $75,000 on Friday, hitting its lowest level since Aug. 21 as a U.S.-led technology stock sell-off spread across global markets. Bitcoin briefly dipped below the $75,000 threshold on Friday, caught in the wake of a global equity sell-off that erased trillions in market value from tech giants. Adding to the market turbulence, fresh U.S. economic data revealed an unexpected payroll surge : The economy added 165,000 jobs, smashing consensus estimates of 64,000 and likely complicating expectations for upcoming Federal Reserve rate cuts. Market data indicates bitcoin established strong support above $75,000 following a 5% drop roughly 24 hours prior. However, the cryptocurrency faced persistent resistance at the $76,000 threshold, with every breakout attempt triggering a quick sell-off.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Bitcoin.com News.