Weighed down by a sharp sell-off in U.S. tech stocks and growing concerns over an AI bubble, Bitcoin broke below $76,000 during intraday trading. A sweeping victory by the U.S. Democratic Party in the midterm elections sparked market fears regarding tightening regulations on artificial intelligence capital expenditures and data centers. Consequently, Wall Street tech stocks suffered a historic sell-off: the Nasdaq Composite plunged 4.9% to enter correction territory, the S&P 500 dropped 3.2%, the Dow Jones Industrial Average tumbled over 1,100 points, the VIX volatility index surged more than 70%, and approximately $2.5 trillion in U.S. market capitalization was wiped out. Hit hard by this cross-market liquidation wave, the cryptocurrency market suffered over $1 billion in leveraged position liquidations, with Bitcoin hitting an intraday low of $75,568 on Thursday before recovering to $76,830.67.