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Bitcoin Dips Below $76,000 to Seven-Week Low, Dragged Down by Nasdaq Plunge, AI Regulation Concerns, and Binance Hack Incident
Bitcoin fell below $76,000 to a seven-week low, dragged down by the Nasdaq plunge, AI regulatory concerns, and the Binance hack incident. Bitcoin dropped as much as 5.8% intraday, while the Nasdaq 100 Index plummeted 6.4%. Compounding this, worries over tightening AI regulation following the Democrats' midterm election victory heightened market risk aversion. Additionally, the crypto market faced pressure from the Binance hacking incident, with spot Bitcoin ETFs seeing $1 billion pulled by investors, of which BlackRock's IBIT experienced outflows of approximately $900 million.
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USDG (Global Dollar) volume reached $11.14 million over the past hour (64.1x the average for the same period over the last 7 days), currently trading at $1.001
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