Bitcoin at $75,700: AI crash wipes out rebound, 3 morning figures

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But this time, the shock comes from Wall Street. American stocks experienced their worst session on Thursday since the April 2025 customs duties. The Nasdaq 100 even recorded its worst day since March 2020.

The movement was violent and concentrated. CoinGlass data relayed by The Block gives the measure. Nearly $880 million in positions jumped in four hours Thursday afternoon, including $819 million in bullish bets. Over twenty-four hours, the bill rises to $1.09 billion for nearly 211,000 liquidated traders. However, Thursday afternoon's low, at $75,568, did not hold overnight. BTC then fell to $75,230 before stabilizing. At this price, BTC is therefore close to the average cost price of Strategy, set at $75,446 for 849,327 BTC. The gap is now only $200, two days after STRC returned to $100.

Ether followed with an 8% drop to $2,230. The total capitalization of the crypto market lost 7.7% in one day to return to $2.57 trillion. The Fear & Greed index also plunged back to 28 this morning, in the fear zone, against 50 (neutral) the day before. Finally, the TRUMP memecoin reached a new all-time low after losing more than 20% in two sessions.

Crypto stocks have also gained more than tokens. Strategy and Coinbase lost around 10%. Listed miners dropped between 15 and 20%, Bitdeer and Keel Infrastructure around 20%. American Bitcoin even fell by 17%. However, the miner supported by the Trump sons published a quarterly profit of $126 million the same day.

The Nasdaq 100 plunged 6.4% on Thursday and the Nasdaq Composite fell 5.5%. The S&P 500 lost 4.3% and the Dow Jones lost 3.4%. The Philadelphia semiconductor index lost 12% in the session alone. At the same time, the VIX volatility index jumped almost 60%. Gold, on the other hand, gained 0.6% to $4,094 per ounce.

The trigger for the AI ​​crash is first and foremost political. The Democratic sweep of November 3 reawakened fears of a brake on AI data centers. Several elected officials are already calling for a national moratorium. They are inspired by the text tabled in March by Bernie Sanders and Alexandria Ocasio-Cortez. Joshua Lim heads markets at FalconX. “We are seeing return as the consequences of a slowdown in data center construction become concrete,” he explains to CoinDesk. Carlos Guzman, of GSR, also points to the fear of stronger opposition to the expansion of computing centers. Finally, there are disappointing results from chip manufacturers. Investors also doubt the return of billions invested in AI.

Machine-translated from French