Bitcoin fell below $76,000 on Friday after a brutal sell-off wiped out more than $1.27 billion in leveraged crypto positions.
Bitcoin dropped more than 5% in 24 hours after Thursday's 5.5% Nasdaq plunge, with spot Bitcoin ETFs seeing $430 million in outflows. A stronger-than-expected US jobs report — 165,000 jobs added in October — then pushed December Fed rate-hike odds near 80%, keeping Bitcoin under pressure.
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