Bitcoin Crash: Why BTC Fell to $75,568, How Low It Could Go and How to Hedge

Bitcoin fell from $80,962 late on Wednesday to $75,568 on Thursday afternoon, a drop of 6.7% in about 17 hours. It traded at $76,118 at 17:10 UTC. The trigger was a sell-off in chip and AI stocks that pushed the Nasdaq into a correction and forced leveraged crypto traders out of their positions. The move wiped out the jump that followed the US midterms, which we covered in our piece on Bitcoin above $80,000. Here is what happened, which levels count now, and what you can do in this market, from earning on falling prices to hedging what you hold.