Summary
- Bitcoin (BTC) fell below $76,000 in the wake of a sharp selloff in U.S. technology stocks, hitting its lowest level in seven weeks.
- Concerns over tighter artificial intelligence (AI) regulation after the U.S. midterm elections, along with the Binance hacking incident, added pressure to risk appetite and intensified selling in the crypto market.
- About $1 billion was pulled from spot Bitcoin exchange-traded funds (ETFs), with roughly $900 million leaving BlackRock’s IBIT, adding to…
