Bitcoin tumbles below $77K as tech and crypto stocks plunge in broad market selloff

Bitcoin fell more than 4% as a sharp selloff in AI and semiconductor stocks spread across risk assets, triggering over $574 million in crypto liquidations within an hour. Bitcoin tumbled more than 4% on Thursday, falling below $77,000 as a sharp selloff in technology stocks spread across risk assets and triggered hundreds of millions of dollars in leveraged crypto liquidations. The largest crypto asset by market cap traded near $76,400 at press time. Ethereum fell more than 6% to around $2,270, Solana declined 5% to $90, and XRP dropped 4% to $1.25. The total crypto market capitalization declined 4.6% to approximately $2.57 trillion, according to CoinMarketcap data . The downturn triggered more than $574 million in crypto liquidations within an hour, including over $540 million in long positions.

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