Bitcoin Sinks Below $76K as Equity Rout Triggers $428M Crypto Long Liquidations

Bitcoin fell below $76,000 on Thursday as a sharp U.S. equity selloff spilled into crypto. The S&P 500 dropped as much as 3.8% and technology shares led the decline. Roughly $428 million in leveraged crypto long positions were liquidated within an hour. Investors are now watching inflation data and the October employment report for clues on Federal Reserve policy.