Bitcoin BTC$79,805.38 fell below $80,000 during Thursday’s Asian trading session, reversing a two-day rebound as a fresh wave of risk aversion swept through global technology stocks.

The largest cryptocurrency dropped from above $81,700 to around $79,800, dragging the broader crypto market lower and triggering a wave of liquidations among traders betting on a rally.

Tech jitters spill into crypto

The selloff began in Asia, where Samsung shares fell more than 5% after its semiconductor division missed elevated investor expectations.

While the chip unit reported a 15-fold surge in operating profit to 106.5 trillion won for the three months through September, the result fell just short of the average analyst estimate of 108.5 trillion…