Bitcoin slides under $71,000 as AI tech rout spills into crypto, stoking fresh selloff
Bitcoin slipped below $71,000 in Asian hours on Thursday as a renewed slide in global technology stocks bled into crypto markets, cutting short hopes that last week’s violent swings were settling down. The world’s largest token fell as much as 7.5% over the past 24 hours and touched lows near $70,700 before paring some losses, CoinDesk data showed. https://news.futunn.com/post/68459830/bitcoin-slips-below-71000-as-ai-driven-tech-rout The move matters now because crypto has been trading like a turbo-charged version of the equity risk trade again — falling when tech falls, and falling faster. After a week of whipsaws, some traders had been leaning on the idea that panic selling was largely done.