Weighing on by the tech stock sell-off and intensifying risk-off sentiment, Bitcoin dropped to a seven-week low, trading below $76,000. Bitcoin tumbled as much as 5.8% to its lowest level in seven weeks. The sell-off accompanied a 6.4% plunge in the Nasdaq 100 Index, dragged down primarily by weakness in chip stocks. Concerns over earnings outlooks and potential stricter regulations stemming from political shifts in the U.S. Congress further amplified pressure on risk assets.