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Bitcoin falls over 5% to $75,000 as tech rout liquidates leveraged longs

Bitcoin falls over 5% to $75,000 as tech rout liquidates leveraged longs
AI summary

Bitcoin dropped more than 5% to around $75,000 on Thursday morning, falling from above $80,800 to near $76,600. The slide came as a Nasdaq selloff in chip and AI stocks spilled into crypto, wiping out leveraged long positions. Traders care because the move shows crypto remains correlated to tech equities and that forced liquidations amplified the downside.

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