Bitcoin price sub $80,000? Investors flee amid tech selloff, government shutdown fears

The Big Tech selloff on Thursday is spooking investors and dragging down Bitcoin and other cryptocurrencies, analysts say. Bitcoin’s price has tanked by over 6% over the past 24 hours, according to CoinGecko. Optimistic traders hoping for a bounce have been wiped out, with $1.6 billion in long positions liquidated, Coinglass data shows. “Concerns around heavy AI investment by big tech, without the corresponding earnings to justify the spend, appear to be unsettling broader risk assets,” Matt Howells-Ba ...