Bitcoin Slides to a Seven-Week Low Near $75,200 as AI Stocks Drag Wall Street Lower

Bitcoin fell about 5.9% in the 24 hours to 3 a.m. ET Friday, sliding from about $80,360 to $75,620 on Binance as a selloff in artificial intelligence and chip stocks swept U.S. markets on Thursday. The drop erased the post-midterm rally that lifted bitcoin above $81,000 on Wednesday. Most of it came between 9 a.m. and 11 a.m. ET Thursday, around the U.S. stock market open, when the price fell from about $79,700 to $75,568. Bitcoin fell as low as $75,208 late Thursday, its lowest price since Sept. 16, according to Binance trading data. That makes it a seven-week low . Alex Thorn, head of firmwide research at Galaxy, argued last week that bitcoin’s holder base had little exposure to the AI trade.

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