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. Total liquidations surpassed $835 million over the previous 24 hours, according to CoinGlass data. The selloff coincided with sharp declines across US equities, with the S&P 500 falling more than 2.3% and the Nasdaq Composite losing approximately 3.5% during Thursday’s session. Semiconductor and memory stocks suffered some of the steepest losses. Nvidia declined 6.5%, Micron fell more t...