Bitcoin crashes below $76,000 as AI bubble fears wipe $2.5 trillion from Wall Street

Concerns about artificial-intelligence spending intensified after a Democratic sweep in the midterm elections, helping push technology shares sharply lower, and Bitcoin fell with them as leveraged traders took heavy losses. Bitcoin reached an intraday low of $75,568 on Thursday before recovering to $76,830.67 as of press time. The decline unfolded as a historic selloff in U.S. technology stocks spread into cryptocurrency markets. Leveraged traders use borrowed money to take financial positions and increase their market exposure.