A sharp drop in the price of Bitcoin below the $76,000 mark—reaching a local low in the $75,568–$75,600 range—was a direct consequence of a massive sell-off on Wall Street. Concerns regarding an "artificial intelligence (AI) bubble" triggered a $2.5 trillion loss in market capitalization within the technology sector.

The crypto market reacted with an immediate wave of liquidations of traders' margin positions, totaling over $1 billion within 24 hours. Approximately 89% of these losses were borne by "bulls" who had anticipated a continuation of the post-election rally.

Key Factors and the Interconnection Between IT and Crypto

A slowdown in the construction of data centers, coupled with concerns regarding the actual return on investment for the trillions poured into AI infrastructure, led to a decline in the Nasdaq index. Given that Bitcoin has shown a high correlation with traditional capital markets in recent years, institutional investors began exiting risk assets en masse.

A blow to crypto miners: Mining companies that had actively diversified their operations by leasing out computing power for AI-related tasks suffered the heaviest losses, with some seeing their stock prices fall by 15–20%. Furthermore, political uncertainty following the U.S. midterm elections fueled fears regarding potential new regulatory restrictions on energy-intensive data centers. Decline in Related Stocks: The wave of panic has also affected major players in the crypto industry. Shares of Coinbase (COIN) and the corporate treasury giant MicroStrategy (MSTR) lost approximately 10% of their value in a single trading session.

Bitcoin is currently holding a critical support zone in the $75,000–$76,000 range, which represents the average entry price for short-term holders. Analysts outline two potential scenarios:

1. Optimistic: If the AI ​​market stabilizes and spot Bitcoin ETFs see a resumption of capital inflows, BTC could return to the $82,000 resistance zone and subsequently test the $86,000 level by the end of November.

2. Pessimistic: Should the AI ​​bubble continue to deflate and liquidity continue to flow out of the U.S. tech sector, the price of Bitcoin risks breaking through support and falling to the $71,000–$73,000 range—or even down to $60,000 in the event of a prolonged correction.